China yet to restructure debt, says Speaker Nasheed

Former President Mohamed Nasheed, spoke out about the huge amount of money the Maldives owes to China in his first interview since surviving an assassination attempt, to India's ‘WION Tv’.

While he was asked about China's increasing influence in the Maldives, Nasheed -who is also the parliament speaker- said that one of the first things the 19th parliament did was "to reassess the nation's debt".

President Nasheed further stated that although China was called out to restructure the debt, it still has yet to do so.

Noting that the country faces difficulty is paying back the money "due to the already existing financial difficulties and considering that the projects we spent money on were not financially viable", the former president called for all political parties must come to an understanding on a "India-first foreign policy"

The Chinese Ambassador had announced that they were discussing the debt restructuring and sustainability under G20 Debt Service Suspension Initiative (DSSI) back in September 2020, however, no further statement was made after that.

Former President Mohamed Nasheed, spoke out about the huge amount of money the Maldives owes to China in his first interview since surviving an assassination attempt, to India's ‘WION Tv’.

President Nasheed further stated that although China was called out to restructure the debt, it still has yet to do so.

China yet to restructure debt, says Speaker Nasheed

Comments

Man slapped with 10-year jail sentence for repeated death threats against ex-Pres. Nasheed

Foreign Ministry says Nasheed’s office did not officially request UN pass

Nasheed declares passing of media bill a national tragedy

Nasheed slams UK’s decision to grant Peros Banhos Atoll to Mauritius, asserts Maldives has a “clear claim” over it

Eva calls in sick again, fifth attempt to hold Nasheed's no-confidence motion fails

On This Day

1,167 tourist facilities operational across Maldives

SUS Academy crowned champions of Milo Fiesta

Chagos Archipelago case ends in favor of Maldives, assured 4,687sqm additional area

Pres. pledges to further develop table tennis as a competitive sport in the Maldives

World Bank estimates Maldives' economy will grow by 17.1 percent in 2021

Najib Khan appointed managing director of Ooredoo Maldives

Maldives Female table tennis team heads to world championship

China yet to restructure debt, says Speaker Nasheed

Comments

Man slapped with 10-year jail sentence for repeated death threats against ex-Pres. Nasheed

Foreign Ministry says Nasheed’s office did not officially request UN pass

Nasheed declares passing of media bill a national tragedy

Nasheed slams UK’s decision to grant Peros Banhos Atoll to Mauritius, asserts Maldives has a “clear claim” over it

Eva calls in sick again, fifth attempt to hold Nasheed's no-confidence motion fails

On This Day

1,167 tourist facilities operational across Maldives

SUS Academy crowned champions of Milo Fiesta

Chagos Archipelago case ends in favor of Maldives, assured 4,687sqm additional area

Pres. pledges to further develop table tennis as a competitive sport in the Maldives

World Bank estimates Maldives' economy will grow by 17.1 percent in 2021

Najib Khan appointed managing director of Ooredoo Maldives

Maldives Female table tennis team heads to world championship