European Parliament Library

Maldives :, 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Maldives

This 2008 Article IV Consultation highlights that the main challenge for Maldives is to contain fiscal expenditures that have increased sharply following the tsunami. Expenditure has reached extraordinarily high levels by international and historical standards, with the majority of the increase in domestically financed expenditure unrelated to the tsunami. Executive Directors were encouraged that Maldives’ economy has rebounded strongly from the December 2004 tsunami. Directors have commended the authorities for implementing the Maldives Monetary Authority Act by appointing an independent governor
Table Of Contents
Cover; Contents; Executive Summary; I. Political and Economic Background; II. Recent Developments; III. Key Policy Discussions; A. 2008 Budget; B. Medium-Term Fiscal Framework; C. Competitiveness and External Vulnerabilities; D Other Issues; IV. Staff Appraisal; Figures; 1. Real and External Sector Developments, 1997-2007; 2. Fiscal and Monetary Sector Developments, 1997-2007; Tables; 1. Selected Economic Indicators, 2003-08; 2. Balance of Payments, 2003-08; 3. Central Government Finance, 2003-08; 4. Summary of Monetary Accounts and MMA Balance Sheet, 2003-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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