Maldives: Use of Fund Resources—Request for Emergency Assistance

April 28, 2005

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Maldives: Use of Fund Resources—Request for Emergency Assistance, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance. The authorities have requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters. The authorities have requested the provision of subsidies to reduce the rate of charge on these resources. IMF staff supports these requests given the exceptional severity of the tsunami’s economic impact and the authorities’ record of sound macroeconomic management and good cooperation with the IMF.

Subject: Economic sectors, Environment, Exports, External debt, Imports, International trade, Natural disasters, Tourism

Keywords: Assistance, Budget support, Cost, CR, Exports, Government, Imports, International community, ISCR, Natural disaster assistance, Natural disasters, Reconstruction cost, Revenue increase, SDR, Tourism

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/145
Stock No:

1MDVEA2005001
ISBN:

9781451825497
ISSN:

1934-7685

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