Maldives is facing a potential financial crisis, with concerns growing over its ability to manage rising debt obligations. Economic experts warn that the island nation could be heading toward a debt default similar to what Sri Lanka experienced in 2022. The country’s increasing external

The Maldives is facing a growing debt crisis, with fears of a potential sovereign default as external borrowings, particularly from China, continue to strain the nation’s financial stability. With debt levels soaring and foreign reserves depleting, the island nation is grappling with severe economic challenges. Rising Debt and Economic Pressure The Maldives’ total debt has