European Parliament Library

Maldives :, 2009 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Maldives

This paper examines the Maldives’ 2009 Article IV Consultation on economic developments and policies. The Maldivian economy is facing large external and fiscal imbalances, resulting from the severe impact of the global financial crisis and exacerbated by an unsustainable fiscal expansion. The global crisis has led to sharp declines in tourism and related investment, other net capital flows, and exports. This has caused a significant fall in fiscal revenue, compounding a large increase in public spending, and pushed the economy into recession. A rising share of the resulting fiscal deficit has been financed by monetization
Table Of Contents
""Cover""; ""Contents""; ""I. Recent Economic Developments and Outlook for 2009""; ""II. Medium-Term Outlook""; ""III. Program Discussions""; ""IV. Other (Article IV) Policy Discussions""; ""V. Program Modalities""; ""VI. Risks""; ""VII. Staff Appraisal""; ""Boxes""; ""1. Impact of the Global Crisis""; ""2. Exchange Rate, External Sustainability, and Competitiveness""; ""3. Open Market Operations""; ""Figures""; ""1. Macroeconomic Indicators""; ""2. Policy Developments""; ""3. Financial Sector Developments""; ""Tables""; ""1. Selected Economic and Vulnerability Indicators, 2004�12""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (98 p.)
Specific Material Designation
Form Of Item

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