WASHINGTON – President Bill Clinton said he and President George H.W. Bush – his predecessor and one-time political foe – broke the ice during a long flight to visit those devastated by a deadly tsunami in Asia. Clinton and the elder Bush traveled together to Indonesia, Sri Lanka and the Maldives in the aftermath of...
Maldives' new finance minister said on Monday that China is executing infrastructure projects at vastly higher prices than originally proposed but the island nation cannot get out of its commitments now.
One week after taking power, the new government of the Maldives says it has no idea how much it owes China, which has led a construction spree in the tiny Indian Ocean nation, but fears the debts run up in the past five years could be unsustainable.
China believes the Maldives will make the "correct choice" to continue with a bilateral free trade deal, a foreign ministry spokesman said on Tuesday, after a Maldives politician said the tiny nation would pull out of the pact.
The Maldives' new government will pull out of a free trade agreement (FTA) with China because it was a mistake for the tiny nation to strike such a pact with the world's second biggest economy, the head of the largest party in the ruling alliance said.
The new president of the Maldives took office on Saturday, declaring the state coffers to have been looted and warned that the country was in financial difficulty after racking up debt with Chinese lenders in an infrastructure boom.
Maldives' President-elect Ibrahim Mohamed Solih takes office on Saturday, seeking help from India and the United States to climb out from under a mountain of Chinese debt that his predecessor racked up in a breakneck development of the coral islands.
is a collection of country and region web sites providing local news and information to a worldwide audience.
Use InsideWorld’s headlines available on this site to access the latest stories. Or sign up today.