Maldives bankruptcy concerns no longer raised: Minister Zameer

Fears of the Maldives going bankrupt have subsided, with financial institutions no longer raising the issue said Finance Minister Moosa Zameer said today.

Responding to questions raised in parliament, Zameer said that state debt stood at MVR 124 billion when the current administration took office. He highlighted that about half of this debt was accumulated over the last five years, with 24 percent of government revenue allocated to debt servicing.