'New loans to repay existing debt is unsustainable'

1 week ago

Former president Mohamed Nasheed has warned that taking on new debt to repay existing obligations is not a sustainable economic strategy for the Maldives, stressing that such measures cannot be regarded as responsible fiscal management. Speaking at a campaign rally held last night in L. Gan, Nasheed voiced growing concern over the country’s mounting financial pressures, particularly state expenditure and the