Chinese Ambassador to Maldives Zhang Lizhong, on Sunday, stated that ongoing negotiations with China, regarding the deferment of commercial loans to Maldives, was expected to yield good results.

Putting an emphasis on the unforeseen setbacks brought forward by the ongoing COVID-19 pandemic, Ambassador Zhang acknowledged the need for a readjusted loan repayment strategy.

Borrowers of commercial loans with sovereign guarantees are mainly state-owned companies as well as one resort island.

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