China and Maldives Strengthen Collaboration on Key Infrastructure and Energy Projects

China has pledged to enhance cooperation with the Maldives in infrastructure and renewable energy projects crucial for its sustainable development. The agreement was achieved following meetings between Maldives’ Foreign Minister Moosa Zameer and Chinese officials, where discussions emphasized timely project implementation and potential financial collaborations.

China has committed to boosting its involvement in critical infrastructure and renewable energy initiatives essential for the sustainable growth of the Maldives, according to Foreign Minister Moosa Zameer on Tuesday.

After a productive meeting with Luo Zhaohui, chairman of the China International Development Cooperation Agency (CIDCA), Zameer announced the signing of the Letter of Exchange on the feasibility study for redeveloping Malé and Villimalé Roads Project, a cornerstone of President Mohamed Muizzu’s administration. Discussions highlighted the importance of cooperation in key infrastructure projects for enduring development.

Zameer underscored the significance of the Maldives-CIDCA partnership, noting ongoing initiatives and exploring further opportunities for collaboration. Both parties stressed the urgency of executing projects that will bolster infrastructure and drive economic growth in the Maldives, delivering substantial benefits to its citizens.

The meeting ended with a shared commitment to work closely on future initiatives. Additionally, Zameer shared photos from his meeting with Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), appreciating AIIB’s support, especially for the Greater Male' Waste-to-Energy Project. They also discussed funding avenues for President Muizzu’s expansive development plans.

Zameer held talks with Wu Fulin, chairman of China EXIM Bank, briefing him on the fiscal and economic updates and reform program by President Muizzu, focusing on financing key projects. On Monday, Zameer met Chinese Foreign Minister Wang Yi, emphasizing the need for fiscal reform support from China.

China scaled up its relationship with the Maldives since Muizzu, seen as pro-Beijing, assumed power last year. The two nations elevated their ties during Muizzu’s visit to Beijing, signing 20 agreements. However, the IMF has warned about the high risk of debt distress for the Maldives, prompting the Muizzu government to seek loan restructuring from China.