No need for IMF bailout Says Maldives

COLOMBO, Sept 14 (AFP): The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default.
Foreign minister Moosa Zameer said the Indian Ocean archipelago, best known for its upscale resorts and celebrity visitors, was pressing ahead with tax hikes to meet its debt servicing obligations.
"We have bilateral partners who are very sensitive to our needs and our situation," Zameer told reporters in Colombo on Friday night.