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India visitBBC
•84% Informative
Maldivian President Mohamed Muizzu is expected to seek a bailout during his visit to India this week .
Foreign exchange reserves of the Maldives stood at about $440m ( 334 m) in September , just enough for one -and-a-half months of imports.
Last month , global agency Moody’s downgraded Maldives' credit rating, saying that “default risks have risen materially”.
Some saw it as a mission to collect data which could - at a later date - be used by the Chinese military in submarine operations.
Nevertheless, there was a thaw in bilateral ties after Muizzu attended the swearing-in ceremony of Modi after he was elected for a third consecutive term.
In August , Indian Foreign Minister S Jaishankar 's visit also gave a reboot to bilateral ties.
VR Score
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