European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Background; II. Recent Economic Developments; Figures; 1. Real and External Sector Developments; 2. Monetary and Financial Sector Developments; 3. Fiscal Developments; III. Policy Discussions; A. Growth, Competitiveness, and Medium-term Outlook; B. Fiscal Policy; C. Monetary and Exchange Rate Policies; D. Financial Sector; E. Program Issues; IV. Staff Appraisal; 4. Program Performance; Boxes; 1. Impact of the Global Crisis on Tourism-dependent Economies and Policy Responses: A Cross-country Perspective; 2. Exchange Rate, External Sustainability, and Competitiveness
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (79 p.)
Specific Material Designation
Form Of Item

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