AGL 40.25 Increased By ▲ 0.22 (0.55%)
AIRLINK 127.78 Increased By ▲ 0.08 (0.06%)
BOP 6.70 Increased By ▲ 0.09 (1.36%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.96 Increased By ▲ 0.17 (1.93%)
DFML 41.50 Decreased By ▼ -0.08 (-0.19%)
DGKC 86.50 Increased By ▲ 0.71 (0.83%)
FCCL 32.62 Increased By ▲ 0.13 (0.4%)
FFBL 64.71 Increased By ▲ 0.68 (1.06%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 113.30 Increased By ▲ 2.53 (2.28%)
HUMNL 14.85 Decreased By ▼ -0.22 (-1.46%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.32 Decreased By ▼ -0.13 (-1.74%)
MLCF 40.55 Increased By ▲ 0.03 (0.07%)
NBP 61.50 Increased By ▲ 0.45 (0.74%)
OGDC 197.00 Increased By ▲ 2.13 (1.09%)
PAEL 27.40 Decreased By ▼ -0.11 (-0.4%)
PIBTL 7.35 Decreased By ▼ -0.46 (-5.89%)
PPL 154.61 Increased By ▲ 2.08 (1.36%)
PRL 26.35 Decreased By ▼ -0.23 (-0.87%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 85.85 Increased By ▲ 1.71 (2.03%)
TELE 7.76 Decreased By ▼ -0.20 (-2.51%)
TOMCL 36.40 Decreased By ▼ -0.20 (-0.55%)
TPLP 8.90 Increased By ▲ 0.24 (2.77%)
TREET 16.70 Decreased By ▼ -0.96 (-5.44%)
TRG 62.80 Increased By ▲ 4.18 (7.13%)
UNITY 28.45 Increased By ▲ 1.59 (5.92%)
WTL 1.36 Decreased By ▼ -0.02 (-1.45%)
BR100 10,131 Increased By 131 (1.31%)
BR30 31,408 Increased By 405.5 (1.31%)
KSE100 95,059 Increased By 867.5 (0.92%)
KSE30 29,527 Increased By 325.4 (1.11%)

The Maldives opposition said Friday that President Abdulla Yameen had pushed the Indian Ocean nation deeper into a Chinese "debt trap" with a new $200 million bridge opened just ahead of the country's election. Yameen commissioned the bridge with a Chinese fireworks display late Thursday night amid his campaign for the controversial September 23 vote, ahead of which he has jailed or forced into exile all of his main opponents.
The opposition Maldivian Democratic Party (MDP) said the 1.4 kilometre (0.9 mile) three-lane bridge linking the congested capital of Male to the airport island was a symbol of Yameen's "corruption". "There was huge corruption involved in this deal," MDP spokesman Hamid Abdul Ghafoor told AFP in Colombo where he lives in self-imposed exile. "We are getting pushed into the Chinese debt trap."
The government has repeatedly denied claims of corruption.
The International Monetary Fund reported that the Maldives' external debt was estimated at 42.8 percent of GDP in 2018, up from 38.29 percent in 2017.
Yameen pledged to build the bridge during his 2013 election campaign and made infrastructure development a key plank in his reelection bid.
He said at the inauguration that the new bridge marked "the dawn of a new era" for the Sunni Muslim nation of 340,000 people.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.