Maldives seeks debt relief from India..!?
Relations between india and maldives have been strained for some time now. Ever since he took charge as the new President of maldives, Mohammed Muisu has been working against India. Relations between india and maldives have been strained for some time now. Ever since he took charge as the new President of maldives, Mohammed Muisu has been working against India. Mohammed Muisu was seen as a potential pro-China. To prove it, the indian Army took steps to withdraw from the Maldives. This caused a rift in India-Maldives relations. In this situation, for the past few days, Mohammad Muiwu had asked india to provide debt relief to Maldives. In this situation, the former president of maldives, Ibrahim Mohamed Solih, said that Mohamed Muisu should first give up being stubborn.
Former President of maldives Ibrahim Mohamed Solih has said that maldives President Mohamed Muizzu should give up his stubbornness and talk to neighboring india about overcoming economic challenges. The former president's comments come at a time when Maldivian President Muisu is seen around the world as a pro-China leader. Maldivian President Muisu, who has been criticizing india for so long, has suddenly started speaking softly. He said that india is implementing countless projects in his country and that india is a close friend of his. However, experts attribute this to the main problem facing the maldives now. India owes $400.9 million to maldives by the end of this year. But in the current economic climate of the maldives, they cannot afford to repay this amount. While trying to ask india for more time, the Maldivian president is now soft-spoken.Former president Ibrahim Solih has also requested india to provide some relief to maldives to pay off its debt. It is noteworthy that the 45-year-old Muizu defeated the 62-year-old Solihi in the elections held last september 2023 in Maldives. However, the debt of maldives to india is very low. It has borrowed the largest amount from China. President Abdullah Yameen, who was president there for 5 years until 2018, has a pro-China stance like Muizu. While he was president, he collected loans from China. A big problem for maldives now is that it has borrowed a huge amount from china for development projects in Maldives. maldives has a total external debt of 3 billion dollars which is about Rs 2500 crore. It is noteworthy that 42% of it is loan from China.