Zariyand warns 15% loan will worsen crisis

2 weeks ago

Financial expert Ismail Zariyand has warned that the government’s plan to take on another large loan at 15 percent interest to settle this year’s maturing debt will only deepen the country’s financial crisis. Zariyand noted that the Maldives faces USD 1 billion in repayments this year, including a USD 500 million sukuk maturing in April and an additional USD 100 million