China’s Lending Practices Push Maldives Toward Sovereign Default

China’s lending practices have significantly contributed to the Maldives’ precarious financial situation, pushing the island nation toward a potential sovereign default. The Maldives owes China approximately $1.3 billion, which is a substantial portion of its external debt.This debt burden has been exacerbated by China’s strategic interests in the region, as part of its "string of pearls"
China’s lending practices have significantly contributed to the Maldives’ precarious financial situation, pushing the island nation toward a potential sovereign default. The Maldives owes China approximately $1.3 billion, which is a substantial portion of its external debt.This debt burden has been exacerbated by China’s strategic interests in the region, as part of its "string of pearls"
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