European Parliament Library

Maldives :, 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for the Maldives

Abstract
This 2014 Article IV Consultation highlights that Maldives’ real economy has picked up. Growth is estimated to have reached 5 percent in 2014 with stronger tourism activity driven by a rapid expansion from Asian markets and a tepid recovery from Europe. The IMF staff expects growth to be about 5 percent in 2015. Weaker import prices have pushed down inflation to low levels. Growth is expected to remain relatively strong in the near term, though the fiscal adjustment envisaged in the 2015 Budget will have a mildly negative effect on growth
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; A. Recent Economic Developments; BOXES; 1. Data Revisions to the Balance of Payments; B. Outlook and Risks; POLICIES FOR FISCAL SUSTAINABILITY; 2. Maldives 2015 Budget Fiscal Adjustment Measures; 3. Public Financial Management Reform Plan (2015-2018); 4. Episodes of Large Fiscal Consolidation in Smaller States; EXTERNAL SECTOR ASSESSMENT; 5. The Operation of Maldives Parallel Foreign Exchange Market; 6. Estimates of Tourism Spending and External Sector Assessment; SUPPORTING MONETARY AND FINANCIAL POLICIES
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781498349215

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