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MALDIVES EXTERNAL DEBT
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...18 Apr, 2026, 11.18 PM IST- 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...27 Mar, 2026, 12.02 AM IST
- 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...14 Jun, 2025, 08.57 PM IST
- India rolls over $50 million treasury bill to aid MaldivesIndia has extended crucial financial support to the Maldives by rolling over a $50 million treasury bill, providing vital assistance amid a...13 May, 2025, 12.37 AM IST
- 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...14 Mar, 2025, 09.26 AM IST
- 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...13 Mar, 2025, 12.46 PM IST
- 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...20 Oct, 2024, 01.34 PM IST
- 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 ...08 Oct, 2024, 09.13 AM IST
- 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...07 Oct, 2024, 02.57 PM IST
- 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...07 Oct, 2024, 01.47 PM IST
- India extends emergency support to Maldives as it battles debt default threatIndia has extended emergency financial support to the Maldives by subscribing to its $50 million treasury bill. This move follows a ratings...20 Sep, 2024, 03.40 PM IST
- India ready to give Maldives aid as sukuk default risk loomsIndia is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...13 Sep, 2024, 03.30 PM IST
- Maldives gets IMF debt warning as more Chinese loans loomMaldives warned by IMF of 'debt distress' due to heavy borrowing from China. Urgent need to increase revenue, reduce spending, and limit ex...13 May, 2024, 02.19 PM IST
- China agrees to consider restructuring of loans to Maldives: President MuizzuMaldives President Mohamed Muizzu has announced that China, the largest external creditor to the country, has agreed to consider restructur...13 Jan, 2024, 09.22 PM IST
- Jaishankar to visit Maldives, Sri LankaSri Lanka, which is trying to secure a much-needed USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying ...17 Jan, 2023, 09.51 PM IST
- Chinese Embassy in Male calls Maldives' non-participation in Indian ocean forum meet "regrettable"Chinese Embassy in Male has now responded to Maldives' denial to participate in the "China-Indian Ocean Forum on Development Cooperation" w...30 Nov, 2022, 10.34 AM IST
- India's silence on Maldivian issue will worsen crisis'In stark contrast to India's silence, countries like US and UK have spoken out against the attempts to impede the functioning of parliament...03 Aug, 2017, 11.23 AM IST
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