Entries tagged "Maldives"

  • Maldives Votes to Investigate BRI | April 15, 2019, 9:15 a.m.

    Maldivian President Ibrahim Mohamed Solih's political party has won a super majority in the country's parliamentary elections. The president's party ran on an anti-corruption message that stressed the need to investigate Chinese-financed infrastructure projects that have dramatically increased the country's debt-burned, reports Nikkei.

  • BRI Support Wanes in Maldives | April 9, 2019, 9:07 a.m.

    Maldives President Ibrahim Mohamed Solih has gained support for his efforts to loosen the Maldives' economic bonds with China after his party won a wide majority in parliamentary elections over the weekend. President Solih has recommended a probe into China-led Belt and Road infrastructure projects negotiated under his predecessor due to corruption allegations, Nikkei reports.

  • BRI Faces Pushback in Maldives | Feb. 5, 2019, 8:03 a.m.

    In the Maldives, government officials are examining official documents to determine the amount owed to China after reports emerged that the debt could be as high as $3.2 billion, a substantial increase over $1.3 billion in officially recorded Chinese loans.

  • The Maldives Owes China $1.4B For Infrastructure Loans | Dec. 20, 2018, 9:18 a.m.

    Under former president Abdulla Yameen, the Maldives took substantial loans from Beijing for infrastructure projects. $850 million of a $1.4 Chinese loan is expected to be drawn by year end as Beijing advances its projects in the country, reports the Nikkei Asian Review.