Maldives: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives

May 13, 2024

Preview Citation

Format: Chicago

Maldives: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives, (USA: International Monetary Fund, 2024) accessed November 23, 2024

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.

Subject: Climate change, Debt sustainability analysis, Economic sectors, Environment, External debt, International organization, Monetary policy, Public debt, Tourism

Keywords: Climate change, Debt sustainability analysis, Global, IMF Policy recommendation, Maldivian authorities, Monetary policy coordination, SARTTAC mission, Tourism, Tourism sector

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/106
Stock No:

1MDVEA2024004
ISBN:

9798400275920
ISSN:

1934-7685

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