The Edition


Self sufficiency more important than foreign aid: ex-pres Nasheed

Fathmath Shaahunaz
17 February 2019, MVT 08:37
This handout photograph taken and released by India's Press Information Bureau (PIB) on November 17, 2018 shows Indian Prime Minister Narendra Modi (R) seated with former Maldives president Mohamed Nasheed (L), who recently returned from exile, during the inauguration of new Maldives President Ibrahim Mohamed Solih in Male. - Ibrahim Mohamed Solih was inaugurated November 17 as the new president of the Maldives after the opposition united to dislodge pro-China strongman leader Abdulla Yameen in September elections. (Photo by Handout / PIB / AFP) /
Fathmath Shaahunaz
17 February 2019, MVT 08:37

Former President Mohamed Nasheed proclaimed Saturday that what the country needed was self sufficiency as opposed to foreign assistance.

He made the statement while speaking to reporters at Velana International Airport upon his return from India.

The former president stated that while Maldives would surely receive financial aid from foreign bodies, "...standing on our own feet with our own revenue is more important", adding that the nation was headed in that direction.

He expressed confidence that the nation's foreign debt and budget deficit would be decreased by the end of President Ibrahim Mohamed Solih's first term.

Nasheed has repeatedly urged against foreign finance, one of his most vocal concerns being the substantial amount of loans the previous administration received from China.

He raised the issue prior to his departure to India as well, accusing the Asian giant of trying to propagate its own interests in Maldives.

During his visit to India to participate in a seminar, Nasheed also paid calls on top officials of the Indian government including Prime Minister Narendra Modi and Minister of External Affairs Sushma Swaraj.