Maldives Declares Bankruptcy, Seeks IMF Bailout: Report

According to an unconfirmed report, a Twitter post from February 16, 2024 stated that the Maldives has declared bankruptcy and is seeking a bailout package from the IMF.The Maldives is a strategically-placed Indian Ocean nation that relies heavily on tourism and is heavily dependent on China for funding. In 2020, the Maldivian government received USD 196 million in loans, USD 28.9 million from
According to an unconfirmed report, a Twitter post from February 16, 2024 stated that the Maldives has declared bankruptcy and is seeking a bailout package from the IMF.The Maldives is a strategically-placed Indian Ocean nation that relies heavily on tourism and is heavily dependent on China for funding. In 2020, the Maldivian government received USD 196 million in loans, USD 28.9 million from
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