VOIWORLD
Ahead of visit, Muizzu outlooks “fiscal situation”, expected to request debt waiver, currency swap arrangement
Maldives President Mohamed Muizzu landed in Delhi on Sunday (October 6, 2024), for a four-day State Visit to India, and is expected meet Prime Minister Narendra Modi on Monday (October 7, 2024) morning with a looming economic crisis and an imminent debt repayment on his hands back home. In an interview to an international broadcaster ahead of his visit Mr. Muizzu said he hoped that India would be ready to “ease the Maldives’ burden”, and he is expected to request a currency swap arrangement and debt support during bilateral talks at Hyderabad House, after he receives a guard of honour at Rashtrapati Bhawan.
“India is fully cognizant of our fiscal situation, and as one of our biggest development partners, will always be ready to ease our burden, find better alternatives and solutions to the challenges we face,” Mr. Muizzu had told the BBC in a written interview.
