Maldives: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives
Electronic Access:
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Summary:
Despite headwinds from the war in Ukraine, the Maldives’ economic recovery from the COVID-19 pandemic has shown resilience. The cyclical rebound and still favorable economic outlook provide an opportunity for the Maldives to address its large fiscal and external vulnerabilities. This calls for immediate policy actions to rebuild economic resilience and reduce debt to a sustainable level. Given that the Maldives is highly vulnerable to climate change, early actions to rein in debt vulnerabilities will help support the Maldives’ efforts to scale up the much-needed climate adaptation investments in a resource constrained context.
Series:
Country Report No. 2024/106
Subject:
Climate change Debt sustainability analysis Economic sectors Environment External debt International organization Monetary policy Public debt Tourism
Frequency:
regular
English
Publication Date:
May 13, 2024
ISBN/ISSN:
9798400275920/1934-7685
Stock No:
1MDVEA2024004
Format:
Paper
Pages:
101
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