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FITCH RATINGS MALDIVES
India extends financial support to Maldives under SAARCIndia has approved a significant ₹3,000-crore currency swap for the Maldives. This move aims to bolster the island nation's economy under t...- As Male faces stress, India weighs currency swap extensionIndia is reviewing the Maldives' plea for an extended currency swap facility. The island nation faces significant economic strain, compound...
- Maldives’ tourism-driven economy stares at crisis amid West Asia warThe Maldives economy faces a crisis due to West Asia disruptions. Tourist arrivals are down, impacting revenue. Significant debt repayments...
- India 'satisfied' with $400 million currency swap that boosted Maldives' FX reservesIndia expressed satisfaction over the USD 400 million currency swap with Maldives, which boosted the island nation's foreign exchange reser...
- Maldives may be heading for debt default akin to Sri LankaMaldives faces potential debt default similar to Sri Lanka, with critical foreign reserves depletion and a substantial debt burden. The gov...
- China's lending practices push Maldives toward sovereign defaultThe Maldives faces a severe debt crisis, exacerbated by external debts and unfavorable trade terms with China. With dwindling foreign reser...
- Climate-vulnerable countries push for credit rating overhaulAt the forefront of the talks are 39 so-called Small Island Developing States (SIDS) - including Cuba, Haiti, Fiji and the Maldives - that ...
- Dollar-starved Maldives notifies new foreign currency rulesMaldives has introduced new rules requiring all foreign currency earnings from the tourism sector to be deposited in local banks. The regul...
- Maldives' Muizzu rushes to mend ties with India as China debt squeeze loomsMaldives President Mohamed Muizzu, who pushed for an 'India Out' campaign, now seeks financial aid from India. He is visiting New Delhi to ...
- Modi-Muizzu Meet: What’s at stake for India-Maldives relations?Maldivian President Mohamed Muizzu arrived in India for a four-day state visit to mend ties amid an economic crisis. He will hold talks wit...
- Maldives comes back to India, after rubbing shoulders with the DragonMaldives President Mohamed Muizzu, a pro-China leader is on his first bilateral visit to India since taking office, seeking to repair relat...
- India may extend financial support to Maldives facing default during Muizzu visitIndia may provide financial support to the Maldives to help it avoid a potential default on its foreign debt. This assistance could be anno...
- India committed to reduce budget deficit over medium term, says Fitch RatingsThe Indian government is committed to reducing the budget deficit despite coalition governance challenges. Fitch Ratings noted that India p...
- Operation opportunities: How India is gaining influence regardless of shifts in neighbourhoodOver the past decade, India has built deep linkages in four key areas - finance, supply chains, petroleum, and (power and road) infrastruct...
- Shapoorji Pallonji Group’s flagship firm, Afcons Infrastructure, files DRHP to raise Rs 7,000 crore via IPOAccording to the draft papers, the IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of shares of Rs 1,250 crore an...
- As more Indians head overseas, forex outflows doubleIndia's reserve cover remains strong, at about 9 months of imports, in September. This is higher than during the "taper tantrum" in 2013, w...
- Indians' overseas travel spend more than doublesForeign exchange outflows due to overseas travel by Indians more than doubled from a year earlier to $1.5 billion in August. This may also ...
- Debt in a warm climate: Coronavirus and carbon set scene for defaultTo avert disaster, countries are committing to carbon cutting steps. But these will be costly and likely to add to a global debt pile which...
- Airports taking action against rising seas, storms as climate changesMajor airports in Hong Kong, mainland China and North Carolina were also closed due to tropical storms last month.
- Maldives launches its first global sovereign bondsThe bond investors include asset managers and banks from both Asia and Europe.
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