Tags: Maldives | China | Debt

Maldives Wants to Restructure Debt to China

Thursday, 05 December 2019 09:38 AM EST

COLOMBO, Sri Lanka (AP) — The Maldives foreign minister says his country needs to restructure its massive debt to China, which he says has put the Indian ocean archipelago in a difficult situation.

Abdulla Shahid said the country's Chinese debt currently totals about $1.4 billion.

He told reporters in Colombo, Sri Lanka, on Thursday that he is currently consulting with the Chinese government on this.

The Chinese loans have been given for housing projects, a bridge connecting the airport island with the capital island, Male, and for some state-owned enterprises.

Shahid said the loans were "unreasonable borrowings" by the previous government.

Since the government of President Ibrahim Mohamed Solih came into power last year, Maldives has begun a shift away from China toward traditional ally India.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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The Maldives foreign minister says his country needs to restructure its massive debt to China, which he says has put the Indian ocean archipelago in a difficult situation.Abdulla Shahid said the country's Chinese debt currently totals about $1.4 billion.He told reporters in...
Maldives,China,Debt
125
2019-38-05
Thursday, 05 December 2019 09:38 AM
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