High Commission of India expresses concern for the recent escalation of tensions in the Maldives; EXIM Bank of China offers the Maldives a US$57 million loan; Economic Development Minister Ahmed Mohamed: Value of the US Dollar against the Maldivian Rufiya
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  • According to reports, the High Commission of India in Maldives has expressed concern for the recent escalation of tensions in the Maldives. Clashes in the capital Male between opposition Maldivian Democratic Party (MDP) supporters and security forces have ensued every night after the party vowed to continue with demonstrations until the present government is overthrown or early presidential election dates are announced. In a statement, the Indian High Commission urged all political Parties and socio-political organizations to maintain peace and calm and cooperate in the efforts to maintain law and order. The High Commission also reiterated the need for all the parties to work together in the spirit of cooperation and reconciliation to resolve all the outstanding issues. 1

    Reports noted that the state-owned EXIM Bank of China has offered the Maldives a US$57 million loan to assist the development of IT infrastructure in the country. 2
    In other developments, Maldives’ Economic Development Minister Ahmed Mohamed has claimed in local media that the value of the US Dollar against the Maldivian Rufiyaa is not expected to fall in the “near future”, citing the need for a new long-term financial strategy. 3

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