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IMF warns Maldives of debt crisis due to high foreign borrowing
World

IMF warns Maldives of debt crisis due to high foreign borrowing

The International Monetary Fund (IMF) has warned that the Maldives is at a high risk of external and overall debt distress, as the island nation faces a severe economic crisis due to the COVID-19 pandemic and its reliance on foreign borrowing, especially from China. In a report released...

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