Leading party of the government coalition, MDP, has said that the Minister of Finance and Treasury, Ibrahim Ameer will be overseeing the debts of the country.

MDP via the party's Secretariat Twitter account made the statement today but the context is unclear.

While MDP has made the statement, at the parliament sitting yesterday, the Speaker of the Parliament, former President of Maldives and current President of MDP, Mohamed Nasheed said that most of the pending loans have to be paid in the next three years.

He said that currently the government does not have a way to generate an income and with the expiry of the grace periods from the loans from 2012 to 2018, the government of President Ibrahim Mohamed Solih has to pay back the loans. The Speaker of the Parliament said that the best solution would be to restructure the pending loans without a fine.

Meanwhile, the opposition coalition have criticized Nasheed with the Vice President of PNC and MP for Maavashu constituency, Mohamed Saeed saying that the increase of recurrent spending of the government is going to be criticized by the World Bank and shows the incompetency of the government in its first two years.

MP Saeed said that the government has taken USD 1.2 billion in loans and has overdrafted and printed MVR 4 billion. He also noted that a currency swap of USD 200 million took place between India and the Maldivian Central Bank.