India offers USD1 bln loan to 'bailout' Maldives

[beijingwalker]

India offers USD1 bln loan to 'bailout' Maldives
19 hours ago
India is considering providing up to USD1 billion in loans to the Maldives to help it pay its debt to China, India media has reported.

India is in talks with the Maldives, offering low-interest loans over several installments in exchange for stronger security ties, including the permanent deployment of Indian military personnel in the island nation, according to Indian government sources quoted by the country's media.

The countries are expected to iron out the details before new Maldives president Ibrahim Mohamed Solih, who took office on earlier this month visits India in December.

The island nation has amassed billions in debt to China to fund mega development projects initiated by former Maldives president Abdulla Yameen Abdul Gayoom.

Beijing has provided grant and loans to fund several major infrastructure projects including a landmark bridge connecting the capital Male to the airport island Hulhule.

Maldivian Foreign Minister Abdulla Shahid and Indian External Affairs Minister Sushma Swaraj agreed to cooperate on economic and security issues at a Monday meeting in New Delhi.

Shahid "reiterated that the government of Maldives will be sensitive towards India's security and strategic concerns," the Indian Foreign Ministry said in a statement, adding that India supports the Maldives "in ensuring fiscal and budgetary stability."

Shahid’s visit comes just over a week after Prime Minister Narendra Modi attended Solih’s swearing-in ceremony.

The visit is Modi's first to the Maldives after years of tense relations between the two countries because of Solih's predecessor's embrace of China during his tenure.

https://avas.mv/en/57041

 

[beijingwalker]

Now, everyone can see who really has ulterior designs for Maldives, the one who'd been crying wolf is actually the real wolf, China never asked for military presence in Maldives, there's no need for China to do that, business is strictly business.
But anyway it's good for China that India can help Maldives to pay China back, now we don't have to worry about payment default.

 

[manga]

Now, everyone can see who really has ulterior designs for Maldives, the one who'd been crying wolf is actually the real wolf, China never asked for military presence in Maldives, there's no need for China to do that, business is strictly business.
But anyway it's good for China that India can help Maldives to pay China back, now we don't have to worry about payment default.

Its not your backyard for having military presence their.

Maldives being entangled in chinese debt we are forced to ease there pressure. So yea world can see who had ulterior designs.

 

[beijingwalker]

Its not your backyard for having military presence their.

Indians can believe we want military bases in every country that we do business with, India is so funny, now it can't wait to reveal its true intention. But as long as China gets the money, it doesn't make any difference to us as who pays for it.

 

[Norwegian]

Now, everyone can see who really has ulterior designs for Maldives, the one who'd been crying wolf is actually the real wolf, China never asked for military presence in Maldives, there's no need for China to do that, business is strictly business.
But anyway it's good for China that India can help Maldives to pay China back, now we don't have to worry about payment default.

Its not your backyard for having military presence their.

Maldives being entangled in chinese debt we are forced to ease there pressure. So yea world can see who had ulterior designs.

Both of you China and India are just hilarious. Both inspiring to become regional and global leaders and yet fighting over a small island presence. Our Pakistani prime minister was right about you. Small men in big offices.

But as long as China gets the money, it doesn't make any difference to us as who pays for it.

You showed the world your true intentions. Maldives is a small island nation that may even not exist in another 100 years because of Global warming. Now their former leader made a mistake, and got indebted to you. Instead of being a global leader you wished to be, all you want is your 1 billion back. What a heartless people.

 

[manga]

Indians can believe we want military bases in every country that we do business with, India is so funny, now it can't wait to reveal its true intention. But as long as China gets the money, it doesn't make any difference to us as who pays for it.

Dont worry you will get your money with GET OUT KICK on your rear. So keep bending.

Our Pakistani prime minister was right about you.

So in which country is your PM these days ?

 

[beijingwalker]

You showed the world your true intentions. Maldives is a small island nation that may even not exist in another 100 years because of Global warming. Now their former leader made a mistake, and got indebted to you. Instead of being a global leader you wished to be, all you want is your 1 billion back. What a heartless people.

Do you work for free? What do business around the world and follow the long established global business practice. You call people who selling your things instead of giving them for free heartless, how many those who are not heartless you met in your life?

 

[Norwegian]

Dont worry you will get your money with GET OUT KICK on your rear. So keep bending

With this stupid foreign policy, soon we have an all out proxy war between India and China in the region. China goes around debt traping small and weak nations (bad cop). Then India comes around aiding these new indebted nations who are unable to pay back (good cop). All the while people on the ground suffering with regional powers dirty games.

 

[beijingwalker]

Dont worry you will get your money with GET OUT KICK on your rear. So keep bending.

You get our money? How? From your record high trade deficit with China?

 

[Norwegian]

Do you work for free? What do business around the world and follow the long established global business practice. You call people who selling your things instead of giving them for free heartless, how many those who are not heartless you met in your life?

There is a difference between corporate debt and public / government debt. You guys debt trapped Sri Lanka and they now handed over their port to you. Then you trapped Maldives and they handed over their border control to India in order to pay you back. What a great leadership from both India and China. Big countries eating smaller countries alive.

 

[beijingwalker]

With this stupid foreign policy, soon we have an all out proxy war between India and China in the region. China goes around debt traping small and weak nations (bad cop). Then India comes around aiding these new indebted nations who are unable to pay back (good cop). All the while people on the ground suffering with regional powers dirty games.

Did China ever impose loans on any country? You can always say no if you don't need them.

 

[Norwegian]

You get our money? How? From your record high trade deficit with China?

We understand China being exporter of the world managed to get hard currency reserves. But please don't use it as a weapon against smaller countries.

 

[beijingwalker]

There is a difference between corporate debt and public / government debt. You guys debt trapped Sri Lanka and they now handed over their port to you. Then you trapped Maldives and they handed over their border control to India in order to pay you back. What a great leadership from both India and China. Big countries eating smaller countries alive.

India has a size of foreign reserve smaller than Chinese Hong Kong, I don't see there's competition there, if India wants to invest around the world, we are more than happy to see that, we are business oriented people.

Foreign-exchange reserves[edit]
Rank Country or region Foreign-exchange reserves
(Millions of US$) Figures as of
1

China 3,053,100 Oct 2018[1]
2

Japan 1,252,870 October 2018[2]
3

Switzerland 800,389 May 2018[3]
4

Saudi Arabia 506,400 July 2018[4]
5

Taiwan[5] 460,178 October 2018[6][7]
6

Russia 459,700 02 Nov 2018[8]
7

Hong Kong 423,100 Oct 2018[9]
8

South Korea 402,750 Oct 2018[10]

 

[manga]

With this stupid foreign policy, soon we have an all out proxy war between India and China in the region. China goes around debt traping small and weak nations (bad cop). Then India comes around aiding these new indebted nations who are unable to pay back (good cop). All the while people on the ground suffering with regional powers dirty games.

Nopes, china have debt trapped many nations around world, but we are interested only in keeping our backyard clean. Lets say indian subcontinent.
You will not see india trying to bailout djibouti.

 

[Norwegian]

Did China ever impose loans on any country? You can always say no if you don't need them.

Nice try. It's same old debt trap Chinese mentality on an international scale. Hand out bed debts and then demand back with huge interest or else we take your sovereignty. Funny you are totally exposed.