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International Business Times
International Business Times
World
AFP News

IMF Warns Of Maldives Foreign Debt Crisis, After China Borrowing

International Monetary Fund Maldives China Mohamed Muizzu India Indian Ocean Ocean
The capital of the Maldives, Male (Credit: AFP)

The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday.

Beijing has pledged more funding for the Maldives since pro-China President Mohamed Muizzu took power in November.

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