Reuters has reported that the government of Maldives has chosen an American independent investment banking firm as a debt adviser as the island nation struggles to stabilize its faltering economy.
Reuters said today that the Maldives has hired U.S.-headquartered Centerview Partners to advise it on debt-related matters. It cited two sources familiar with the situation in its report.
Centerview Partners is an American independent investment banking firm.
Centerview operates primarily as an investment banking advisory firm. Centerview has 60 partners and 400 professionals with expertise across various industries, geographies, transaction structures, and sizes.
The government has yet to comment about hiring the US firm.
The reports about the debt adviser emerged days after the World Bank expressed concern as public debt increased further and remains elevated.
The World Bank also said that external debt service needs increased, and financing options became more limited in 2024.
