Maldives: 2010 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Maldives

September 26, 2011

Preview Citation

Format: Chicago

Maldives: 2010 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Maldives, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

Owing to severe fiscal and external imbalances, the Maldives government adopted an IMF program in 2009. Despite some crucial initial actions, fiscal slippages and political polarization have undermined the restoration of sustainability. The key policy challenge is to prevent a fiscal crisis, achieve macroeconomic sustainability, and stimulate growth. The authorities concur with the need to tighten monetary policy. The authorities have welcomed the IMF program as a useful framework to guide and reinforce their efforts to restore external balance and fiscal sustainability.

Subject: Debt sustainability analysis, Expenditure, External debt, Fiscal consolidation, Fiscal policy, Public and publicly-guaranteed external debt, Public debt

Keywords: Asia and Pacific, Consultation, Consultation informational annex, CR, Data revision, Debt, Debt sustainability analysis, Expenditure information point, Financing, Fiscal consolidation, Global, I. fund relation, ISCR, Outturn data, Public and publicly-guaranteed external debt, Staff appraisal, World Bank-IMF Joint Management Action Plan

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/293
Stock No:

1MDVEA2011001
ISBN:

9781463904333
ISSN:

1934-7685

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