Maldives – The Singapore Post

Indian External Affairs Minister Dr S Jaishankar is going to visit Maldives this Saturday to continue India’s high-level engagements with the island nation.Foreign Secretary Harsh Vardhan Shringla had gone to the Maldives in November last year even during the time of COVID-19 pandemic.A meeting took place between the two Foreign Ministers, through video conferencing in August 2020 in which several key projects and initiatives were announced. Also, in April 2020, a telephone conversation took place between Prime Minister Narendra Modi and Maldives President Ibrahim Mohamed Solih.‘India First’ has been the underlying foreign policy approach of the Maldives government. President Solih, since he assumed office in November 2018, has taken concerted initiatives on this front. This is in congruen

Even as the Government of President Ibrahim Solih is battling Covid-19 pandemic, facing heat from the opposition for the government’s India front, and deciphering when to reopen its tourism sector, other issues are beginning to dog the nation. Now, the Solih leadership should also be concerned about the short, medium and long-term fallouts of China asking the Maldivian state to repay at least an instalment of a massive loan granted to a local resort-owner.China’s Exim Bank has asked the Maldivian government to pay up $10 million (MVR 154 million), possibly an unpaid instalment from the total $127 million loan to former Yameen ally and parliamentarian, ‘Sun’ Ahmed Shyam against ‘sovereign guarantee.’Generally, ‘sovereign guarantee’ is extended only to government sector loans, and the guaran

Tag: Maldives

Indian External Affairs Minister to visit Maldives this weekend

China asks Maldives to repay loan, an eye-opener for all debtor-nations?

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