It is anticipated that Muizzu, who departs for India on Sunday for a five-day tour, will request a rescue of hundreds of millions of dollars.
The Maldives’ foreign exchange reserves have fallen to $440 million (£334 million), hardly enough for one and a half months’ worth of imports, and the country faces impending financial default.
In an email interview with the prior to his arrival, Muizzu stated, “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.”
Experts note out that Muizzu’s tone of reconciliation with Delhi contrasts sharply with the language he used a year ago during his campaign for office. The “India out” doctrine, which called for Delhi to remove its soldiers from the island nation, was at the heart of that campaign.
While speaking to the news, Muizzu stated, “We are confident that any differences can be addressed through open dialogue and mutual understanding,” rather than addressing his anti-India campaign directly.
The new president of the Maldives wants India to leave.
amid unrest in a tourist haven, the president of the Maldives travels to India.
The aid package from India will increase the nation’s foreign exchange reserves.
