International Questions to Arise from Financial Coup Claims, Says Shahid
Former Foreign Minister Abdulla Shahid has expressed concern over the President’s recent assertion that the Maldives’ main bank attempted a financial coup, warning that this claim could raise questions from the international community.
Speaking at the Maldivian Democratic Party (MDP) press conference, Shahid, who serves as the party’s president, criticised the government’s actions, stating that the administration has failed to gain international trust during its nine months in power and that their recent behaviour is likely to further erode confidence.
advertisement
Former Foreign Minister Abdulla Shahid has expressed concern over the President’s recent assertion that the Maldives’ main bank attempted a financial coup, warning that this claim could raise questions from the international community.
Read more: https://t.co/FEps1XIeTo pic.twitter.com/hkTJdSNyA5— MV+ (@mvplusmedia) August 28, 2024
“A number of countries will be alarmed today following the President’s statement that the nation’s principal bank attempted a coup against the government. Many will question the situation unfolding here,” Shahid remarked. “They will certainly ask why the nation’s leader would make such a serious claim regarding an attempted coup within the national bank.”
Shahid noted that when the current administration assumed power, they had assured the public that financing for all development projects had already been secured. However, he pointed out that the government’s narrative has shifted, with officials now stating they have only received “green signals” for financial support.
He emphasised the difficulty of securing foreign aid, saying, “It is no simple task. One cannot just visit another country, have a conversation, and expect them to hand over funds in a briefcase. We are no longer in an era where financial assistance is given in such a manner.”
Shahid highlighted the importance of maintaining strong diplomatic relations and instilling confidence in the government’s ability to use aid effectively. He also pointed out that tensions between the Maldives and the international community, as well as the country’s adherence to global norms, would play a key role in securing such aid.
“A nation will only provide aid if they trust that the government will manage the funds properly and in line with established policies and regulations,” Shahid said. “The fact that no free aid has been received in the past nine months signals a lack of international confidence.”
Shahid reiterated that building trust with the international community is crucial for securing foreign assistance, suggesting that the government’s current approach may be damaging their standing on the global stage.
