China's Exim Bank ordered the Maldivian government to pay USD 10 million (MVR 154 million), from a loan issued to the parliament representative for Dhaalu Atoll's Meedhoo constituency Ahmed Siyam (Sun Siyam), granted via a sovereign guarantee provided by the previous administration.
In the event that the state fails or refuses to pay the debt, it would result in a sovereign default, which may devalue the Maldivian currency and affect international trade, as well as affect the country's global standing.