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IMF warns Maldives of high ‘debt distress' risk amid growing reliance on China, calls for ‘urgent policy adjustment’

Wed Feb 7 , 2024
The IMF warns that the Maldives is at high risk of ‘debt distress’ as it remains heavily dependent on China for funding. The nation’s economy, which relies heavily on tourism, has recovered from the impact of the pandemic, but uncertainty surrounding the future remains high.

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