Former President Mohamed Nasheed has, on Tuesday, met with Ambassador Jörn Rhode of Germany.
Nasheed, via twitter, announced that he met with the Ambassador on Tuesday afternoon. He was accompanied by Abdulla Shahid, chair of Maldivian Democratic Party (MDP)’s Foreign Relations Committee; parliamentarian Eva Abdulla; and former Foreign Minister during Nasheed Administration, Ahmed Naseem.
“Raised concerns [over] debt-ridden Maldives government trying to issue dollar-denominated treasury bonds through Deutsche Bank,” reads Nasheed’s tweet.
Pleased to meet Amb Rohde @GermanyinSL.Raised concerns debt-ridden Maldives Gov trying to issue $-denom treasury bonds through Deutsche Bank pic.twitter.com/tFY9efZvVY
— Mohamed Nasheed (@MohamedNasheed) January 31, 2017
Deutsche Bank is a German global banking and financial services company with its headquarters in Frankfurt.
Earlier in January, it was reported that government had decided to hire the Deutsche Bank as the lead manager to issue dollar-denominated treasury bonds, dismissing concerns over the risks it poses to the Maldivian economy.
According to President Abdulla Yameen, external debt “is necessary for an unprecedented infrastructure scale-up.”
Noting that those who are scared of this decision “can remain so,” President Yameen had said that his government will go forward with the debt, as they “it does not scare them.”
