Reuters has reported that the Maldivian government has hired US investment and advisory firm, Centerview Partners to assist with managing its financial affairs.
Reuters reported the news citing two sources. However, the newspaper did not disclose the details.
Centerview was established in 2006, and has offices in New York, London and Paris.
According to Reuters, the Maldivesβ debt rose to $8.2 billion in the first quarter of this year. This is 116 percent of its GDP. A significant portion of this debt is owed to India and China.
