What mistake did Mohammad Muizzu make?
The problems of maldives are not decreasing. Maldives, already trapped in the debt trap, has now decided to shoot itself in the foot. Actually, Maldives has made an agreement to take more debt from China. Obviously, after Maldives takes more debt, Beijing's grip on it will increase even more.
According to the World bank, maldives already has a debt of $ 1.3 billion from China. The important thing is that this is 20 percent of Maldives' total debt. china has decided to give more financial assistance to Maldives. An agreement has been made in this regard between the People's bank of china and the Ministry of Economic Development of Maldives.
Maldives is sinking in a quagmire of debt
During the tenure of President Mohammad Muizzu, the economy of Maldives is in crisis. The situation is such that maldives is now on the verge of default. Regarding financial assistance, China's Foreign Ministry said that we are continuously providing financial assistance to Maldives. China's Foreign Ministry spokesperson Mao Ning said, 'We will continue to support maldives in economic and social development as before.'
Maldives-China closeness growing
The debt-ridden Muizzu government said that it will pay 25 million dollars next month. Due to the increasing debt to china, maldives is constantly getting closer to the dragon. President Mohammed Muizzu's inclination towards china is also not hidden from anyone. Since taking office, Muizzu has continuously implemented China-backed policies and has distanced himself from India. However, President Mohammed Muizzu is once again trying to melt the ice on relations with India. It is reported that maldives President Mohammed Muizzu will soon make an official visit to India.
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