IMF notes debt is the biggest obstacle for Maldivian economy

International Monetary Fund (IMF) has noted debt is the biggest obstacle for the economy of Maldives.

In a press conference held at Maldives Monetary Authority (MMA), a visiting team from IMF said although there are a lot challenges faced by Maldives, the economy has been progressing year on year. The team noted there is a chance Maldives may not be able to pay back the debt.

IMF added important steps need to be taken by the government to ensure the country can pay back the debt owed to internal and foreign parties. The team also lauded the steps taken by MMA to advance the economy of the country.