Maldives on Brink of Economic Collapse? $3 Billion China Debt Looms Large:
China’s
infrastructure investments in the Maldives, especially through the Belt and Road Initiative (BRI), have raised concerns about debt burden and risk. Beijing’s broader perspective on the region. China’s economic success puts pressure on the Maldives, which could affect its long-term relations with India and change power dynamics in the Indian Ocean.
Historically,
India and the Maldives have had close cultural and geographical ties, leading to close ties. India has been an important ally providing support in defence, infrastructure and humanitarian assistance. Despite some negative developments, such as the Maldives’ free trade agreement (FTA) with China in 2017, India remains determined to strengthen relations with the island country.In
response to China’s expansion, India has increased cooperation and cooperation with the Maldives. Economic, infrastructure and defense cooperation aims to protect China’s growing dominance and India’s interests in the region. India’s “regional priority” policy reflects its commitment to the development and governance of the Maldives.Maldives needs food to survive. Maldives economy ruined & on verge of bankruptcy. Maldives fall under China's debt trap & it's foreign policy is controlled by China. Concentrate on these acute problem.@Geeta_Mohan @USAmbKeshap @USAmbSL pic.twitter.com/Ai3qIHG1yW
— Addu -X- Files (@adduXfiles) February 17, 2024
In response to the changing geopolitical situation, the Maldives should prioritize sustainable development and governance while balancing its relations with India and China. India’s support for development-oriented programs and initiatives such as the Great Man Initiative demonstrates its commitment to promoting regional connectivity and impact.
Cooperation between India and the Maldives and other regional partners is important to enhance maritime security against threats such as terrorism and crime. With China’s assertive attitude, India’s role in ensuring stability in the Indo-Pacific has become even more important.
In conclusion, as the Maldives tries to solve its economic problems and direct the integration process, the importance of sustainable development and the will for democracy are vital for the future success and stability of the country. Strengthening its partnership with India while remaining wary of China could help the Maldives achieve its development goals while protecting its national interests.
