Ex-VP Jihad defends Yameen administration's Chinese loans

Former Vice President Abdulla Jihad, on Tuesday, defended loans taken from China during the administration of previous President Abdulla Yameen Abdul Gayoom, citing long repayment periods and low interest rates.

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Former Minister of Finance and Treasury, and the former Vice President Abdulla Jihad speaks during the parliamentary probe into the loans acquired during the administration of former president Abdulla Yameen. PHOTO: PARLIAMENT

Ahmed Aiham

2020-08-12 10:29:28

Former Vice President Abdulla Jihad, on Tuesday, defended loans taken from China during the administration of previous President Abdulla Yameen Abdul Gayoom, citing long repayment periods and low interest rates.

Jihad's statements came during Tuesday's parliamentary session, where he was summoned to discuss the government's sovereign guarantees.

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