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IMF CAUTIONS MALDIVES ON DEBT DISTRESS; CONSIDERS FURTHER CHINESE LOANS

Why in the news? IMF warns Maldives of debt distress amid plans for more Chinese loans; India extends goodwill support with budgetary aid. Urges revenue increase, spending cuts, and reduced external borrowing to avert economic crisis. About the International Monetary Fund (IMF): IMF: Organization of 190 member countries. Representation based on financial importance. Provides financial …

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