PM Narendra Modi with the President of Maldives Image Credit source: File Photo : PTI
The tension in the relations between India and Maldives started appearing when the government of new President Mohammed Muizzu was formed in Maldives. His image is that of a leader who is more inclined towards China. Meanwhile, PM Narendra Modi visited Lakshadweep and the tension between the two countries increased further. Maldives ministers made statements about PM Modi, after which they were suspended by the government there. Now the news is that after this mess with PM Modi, Maldives has declared itself bankrupt.
Just a few days ago, the International Monetary Fund (IMF) had warned Maldives about its increasing debt. Meanwhile, news has come that Maldives has declared itself bankrupt before the IMF. Is there any truth in this?
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Where did the discussion of 'bankruptcy' start?
The news of Maldives' bankruptcy started with a post on social media platform 'X'. A Twitter account named Frontalforce reported that Maldives has declared itself bankrupt before the IMF and has also demanded a bailout package. This news spread like wildfire.
BIG BREAKING- Maldives has declared bankruptcy with IMF and has reportedly asked for a bailout.
— Frontalforce ???????? (@FrontalForce) February 16, 2024
Is Maldives really 'Bankrupt'?
After the news of Maldives' bankruptcy, the Economic Affairs Minister of Maldives Mohammed Sayeed denied it. According to a news from Sun International, Minister Mohammed Saeed said that the financial condition of Maldives is improving. It is progressing faster than expected.
The government has sought help from the IMF and has agreed to launch an economic reform program with it. This is an attempt to overcome the economic problems of the country. He alleged that there are some sections who are trying to create mistrust among the people by creating a perception about the financial condition of the country. This is their political frustration.
However, the economy of Maldives mainly depends on tourism. Every year lakhs of travelers from India also visit Maldives. In such a situation, PM Modi's promotion of Lakshadweep as an alternative to Maldives and the restlessness shown by Maldives regarding it makes many things clear in itself.
Source: www.tv9hindi.com
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