After borrowing heavily from China, Maldives at high risk of ‘debt distress’, warns IMF

The International Monetary Fund (IMF) on Wednesday warned that Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress.”

After a review of the country’s economy, the IMF said there was a need for “urgent policy adjustment” even though it didn’t share the details of the Maldives’ foreign debt.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.