Maldives tops South Asia in debt

2 weeks ago

Maldives is the most indebted country in South Asia in terms of debt‑to‑GDP ratio, according to the latest figures released by the International Monetary Fund (IMF). The IMF’s updated data shows Maldives’ total public debt has reached 125.4 percent of GDP, the highest in the region. Economists note that this level of debt poses a significant challenge to the country’s macroeconomic