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International Business Times
International Business Times
Business
AFP News

Maldives Gets IMF Debt Warning As More Chinese Loans Loom

Since coming to power last year, Maldives' President Mohamed Muizzu has reoriented the country towards China (Credit: AFP)

The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation -- known for its upmarket beach resorts and celebrity vacationers -- away from traditional benefactor India and towards Beijing.

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