Berliner Boersenzeitung - Maldives frontrunner eyes closer ties with China

EUR -
AED 4.273873
AFN 76.929105
ALL 96.379067
AMD 444.029165
ANG 2.083178
AOA 1067.159907
ARS 1669.272238
AUD 1.756871
AWG 2.097662
AZN 1.979007
BAM 1.953746
BBD 2.344035
BDT 142.270396
BGN 1.955457
BHD 0.438721
BIF 3450.522479
BMD 1.163751
BND 1.509219
BOB 8.070548
BRL 6.320677
BSD 1.163776
BTN 104.758292
BWP 15.482786
BYN 3.365775
BYR 22809.524649
BZD 2.340649
CAD 1.612779
CDF 2597.492788
CHF 0.939101
CLF 0.027377
CLP 1074.002511
CNY 8.229703
CNH 8.229217
COP 4447.857307
CRC 568.302402
CUC 1.163751
CUP 30.839408
CVE 110.730605
CZK 24.29028
DJF 206.822123
DKK 7.468604
DOP 74.771025
DZD 151.366954
EGP 55.248856
ERN 17.456269
ETB 180.916335
FJD 2.643812
FKP 0.872848
GBP 0.873441
GEL 3.136298
GGP 0.872848
GHS 13.336175
GIP 0.872848
GMD 85.546628
GNF 10111.253446
GTQ 8.914626
GYD 243.48501
HKD 9.054869
HNL 30.651768
HRK 7.533312
HTG 152.379765
HUF 384.868819
IDR 19409.043474
ILS 3.752108
IMP 0.872848
INR 104.908859
IQD 1524.596811
IRR 49023.021981
ISK 148.913831
JEP 0.872848
JMD 186.573808
JOD 0.825087
JPY 181.472459
KES 150.414828
KGS 101.769946
KHR 4661.987879
KMF 491.10353
KPW 1047.375979
KRW 1710.377003
KWD 0.357377
KYD 0.969884
KZT 594.694649
LAK 25239.567778
LBP 104218.856453
LKR 359.122365
LRD 205.414879
LSL 19.76172
LTL 3.436255
LVL 0.703942
LYD 6.32435
MAD 10.750995
MDL 19.732335
MGA 5189.56521
MKD 61.575251
MMK 2443.911415
MNT 4128.95989
MOP 9.326693
MRU 46.412195
MUR 53.672293
MVR 17.922294
MWK 2018.086552
MXN 21.261474
MYR 4.786468
MZN 74.375604
NAD 19.76172
NGN 1687.974768
NIO 42.824967
NOK 11.789138
NPR 167.613466
NZD 2.01475
OMR 0.447463
PAB 1.163781
PEN 3.914684
PGK 4.938807
PHP 68.853362
PKR 328.919325
PLN 4.23787
PYG 8003.583833
QAR 4.242039
RON 5.08815
RSD 117.38526
RUB 89.084365
RWF 1693.31939
SAR 4.367717
SBD 9.578362
SCR 16.246878
SDG 699.998259
SEK 10.94081
SGD 1.510321
SHP 0.873115
SLE 27.58248
SLL 24403.279831
SOS 663.904724
SRD 44.989458
STD 24087.301428
STN 24.474264
SVC 10.183292
SYP 12867.40098
SZL 19.756225
THB 37.123534
TJS 10.677872
TMT 4.084767
TND 3.418505
TOP 2.802034
TRY 49.539023
TTD 7.884743
TWD 36.277034
TZS 2851.190884
UAH 49.062908
UGX 4117.670065
USD 1.163751
UYU 45.462194
UZS 13954.326331
VES 299.789534
VND 30676.48315
VUV 141.795037
WST 3.245248
XAF 655.270765
XAG 0.020015
XAU 0.000278
XCD 3.145096
XCG 2.097494
XDR 0.81481
XOF 655.267953
XPF 119.331742
YER 277.613186
ZAR 19.828029
ZMK 10475.158382
ZMW 26.912815
ZWL 374.72743
  • RBGPF

    0.8500

    79.2

    +1.07%

  • JRI

    -0.0700

    13.72

    -0.51%

  • BCC

    -1.2400

    71.81

    -1.73%

  • CMSC

    -0.2100

    23.22

    -0.9%

  • RELX

    -0.8400

    39.48

    -2.13%

  • RIO

    -0.0400

    73.02

    -0.05%

  • BTI

    0.4000

    57.41

    +0.7%

  • GSK

    0.0600

    48.47

    +0.12%

  • NGG

    -0.0800

    75.33

    -0.11%

  • SCS

    -0.0200

    16.12

    -0.12%

  • BCE

    -0.2100

    23.34

    -0.9%

  • RYCEF

    0.3100

    14.8

    +2.09%

  • CMSD

    -0.0800

    23.17

    -0.35%

  • VOD

    0.0300

    12.5

    +0.24%

  • AZN

    1.1000

    91.28

    +1.21%

  • BP

    -0.0500

    35.78

    -0.14%

Maldives frontrunner eyes closer ties with China
Maldives frontrunner eyes closer ties with China / Photo: Mohamed Afrah - AFP

Maldives frontrunner eyes closer ties with China

The Maldives stands at a geopolitical crossroads ahead of its presidential runoff vote with the frontrunner, a former construction minister, set on demolishing India's influence and building stronger ties with China.

Text size:

The archipelago nation, better known for its upmarket beach resorts and celebrity vacationers, sits in a strategically vital position in the middle of the Indian Ocean astride one of the world's busiest east-west shipping lanes.

The vote on the chain of atolls -- scattered some 800 kilometres (500 miles) across the equator -- takes place with growing Western concern at China's growing assertiveness in the Indo-Pacific, with rival India part of the Quad, a strategic alliance alongside the United States, Australia and Japan.

Frontrunner Mohamed Muizzu is the protege of former leader Abdulla Yameen, who steered the archipelago towards Beijing's orbit while in office and became an eager recipient of financial largesse from China's Belt and Road infrastructure programme.

Muizzu won just over 46 percent of Saturday's first-round vote with incumbent Ibrahim Mohamed Solih, who presided over a restoration of ties with traditional benefactor India, trailing on 39 percent.

Foreign policy is set to dominate the campaign before the September 30 runoff, with both men sharply divided on managing the India-China rivalry.

Muizzu told an online meeting with Chinese Communist Party representatives last year that a return to power of his Progressive Party of Maldives (PPM) would "script a further chapter of strong ties between our two countries".

Now the mayor of the capital Male, Muizzu also spearheaded the $200-million China-Maldives friendship bridge linking his island city to the country's main airport while serving in the previous government.

- 'Reset relations' -

Last month, he marked the fifth anniversary of the bridge by praising the "visionary leadership" of both his patron Yameen and Chinese President Xi Jinping.

But any turn back to Beijing would come at the expense of ties with New Delhi.

"Should Muizzu win, he is likely to reset relations with India," retired senior civil servant Imad Masood told AFP. "He will not go overboard like Solih did with India."

Solih beat Muizzu's mentor Yameen in a landslide election win five years ago and moved swiftly to repair relations with New Delhi.

Yameen had borrowed heavily from Beijing for construction projects during his autocratic rule, a decision condemned by opponents as debt trap diplomacy.

After a legal challenge to his loss failed, Yameen was convicted of corruption and jailed for 11 years, barring him from contesting this year's vote.

He has instead backed Muizzu to steer a coalition led by the PPM back to office in a Muslim nation home to more than half-a-million people, nearly a third of whom are foreign workers in its tourism industry.

Their party and other activists regularly staged street protests demanding a reduction in Indian influence during Solih's tenure.

- Existential climate threat -

Last year, an Islamist group stormed a football stadium in Male to break up a public yoga session, with police firing tear gas to disperse the protesters.

The campaign has clearly resonated, with Masood saying Muizzu's "India Out" posture helped him take a comfortable lead by swaying undecided voters.

But ex-Maldives foreign minister Ahmed Shaheed said Muizzu cannot afford to antagonise India and expect a trouble-free tenure.

"He needs to learn from Yameen's mistakes and pipe down the 'India Out' campaign," Shaheed, also a law professor at the University of Essex in Britain, told AFP.

During his election campaign, Muizzu promised to free Yameen from imprisonment on the remote island where the former president had also once jailed many of his own political opponents.

Loyalists expect the jailed ex-leader to play a key role in government should his proxy win the poll.

Both Muizzu and Solih are scouting for allies among the six other candidates knocked out of the race after Saturday's first-round vote.

Solih is seeking a reconciliation with the Democrats, a breakaway faction of his party whose candidate polled just over seven percent -- a bloc which could tip the runoff.

Eighty percent of the Maldives is less than a metre (three feet) above sea level, making it one of the countries most threatened by rising sea levels linked to climate warming.

(B.Hartmann--BBZ)