Maldives President Mohammed Muizzu is set to visit India in hopes of securing a bailout worth hundreds of millions of dollars to rescue the island nation from an economic crisis. Facing a debt default with dwindling foreign exchange reserves, Muizzu is confident that India, one of their biggest development partners, will come to their aid.
The visit marks a stark shift from Muizzu’s previous anti-India stance, which included demands for Indian troops to withdraw from the Maldives. Despite tensions between the two countries, Muizzu now emphasizes the need for open dialogue and mutual understanding.
With India already offering financial support for infrastructure projects, the relief package could help bolster the Maldives’ foreign reserves. However, conflicting decisions such as allowing a Chinese research ship port call have strained relations with India.
Ultimately, Muizzu’s turnaround towards India reflects the country’s dependency on their neighbor for financial assistance and stability in the region. Despite past conflicts, the visit signifies a reconciliatory effort to address pressing economic challenges.
Source link