CGD in the News

President-elect Ibu Solih may look at halting BRI projects in Maldives (Economic Times)

October 24, 2018

By Dipanjan Roy Chaudhury 

From the article: 

NEW DELHI: Maldives President-elect Ibu Solih is exploring options of putting on hold Chinesefunded Belt & Road Initiative (BRI) projects that have caused India major concerns about Beijing’s increasing influence in the Indian Ocean neighbourhood. 

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Former Maldives President Mohamed Nasheed — Solih’s biggest backer — has declared reviewing all the agreements that his country had signed with China under Yameen’s five-year rule between 2013 and 2018, hours after his Maldivian Democratic Party won the Presidential polls on Sep 24. Maldives, a small economy heavily reliant on tourism, is one of the most at-risk countries of any involved with the BRI because of debt, according to the Center for Global Development, a Washington DC-based think-tank tracking the initiative. 

Read the full article here.