Maldives gets IMF debt warning as more Chinese loans loom

Male, Maldives (AFP) May 13, 2024

The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China. Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation - known for its upmarket beach resorts and celebrity vacationers - away from traditional benefa