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The wanton disregard for environmental and ecological safeguards in the rush to implement these grandiose vanity projects is nothing short of criminal.
The root of this debt trap lies in the unviable, bloated Chinese projects the Maldives has irrationally pursued without regard for sustainability or conditions.
A strong rebound from China would help offset an expected slowdown in other parts of the world, spurred by monetary tightening policies by central banks over the past 12-18 months.