China has agreed on deferring the repayment of loans the Maldivian government had taken from the China.
In a discussion held on Monday, the Chinese Ambassador to the Maldives Zhang Lizhong informed the Maldivian Minister of Foreign Affairs Abdulla Shahid of the arrangement by the Chinese government under thier Debt Suspension Initiative. Minister Shahid expressed gratitude and further discussed ways to increase and strengthen the bilateral relations between the two countries.
Maldives is among the 77 countries which the Chinese government granted loan deferment eases due the economic pitfalls faced by many countries due to the ongoing COVID-19 pandemic.
