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After borrowing heavily from China, Maldives at high risk of ‘debt distress’, warns IMF
Aggregated Source: ChinaLegalBlog.com

The International Monetary Fund (IMF) on Wednesday warned that Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress.”

After a review of the country’s economy, the IMF said there was a need for “urgent policy adjustment” even though it didn’t share the details of the Maldives’ foreign debt.…

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