Maldives remains at ‘high risk’ of external, overall debt distress: IMF

Follow us on Image Source : AP (FILE) Maldives President Mohamed Muizzu, widely considered a pro-China leader. Male: The International Monetary Fund (IMF) has said that the Maldives, currently led by President Mohamed Muizzu, remains at a high risk of external and overall debt distress amid rising fiscal deficits and public debt. This came after an IMF mission led by Piyaporn Sodsriwiboon visited Male from January 23-February 6 to discuss recent economic developments and the country’s policy priorities. “Following the pandemic-induced contraction, the Maldivian economy expanded by 13.9 per cent in 2022 and is estimated to grow by 4.4 per…