Policy Papers

Maldives-Assessment Letter for the Asian Development Bank and the World Bank

November 24, 2009

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Maldives-Assessment Letter for the Asian Development Bank and the World Bank , (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

The global crisis has hit the Maldivian economy hard; combined with an unsustainable fiscal expansion, it has led to a large fiscal deficit and severe balance of payments pressures. The authorities are committed to a strong policy adjustment program, and have requested IMF financial support for their program.

Subject: Asian Development Bank, Assessment letters, Currency pegs, Economic growth, Fiscal policy, Maldives, Monetary policy, Relationships with Fund, World Bank

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