IMF Staff Country Reports

Maldives: Financial System Stability Assessment; and Press Release

Publication Date:

December 14, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Maldives is a tourist dependent economy with a small financial sector dominated by state-owned banks. Protracted fiscal and external deficits have raised concerns about debt sustainability and the level of international reserves. Large government funding needs have resulted in a strong sovereign-bank nexus, and rationing of foreign exchange by the Maldives Monetary Authority (MMA) has fueled a parallel foreign exchange market.

Series:

Country Report No. 2023/404

Subject:

Financial regulation and supervision Financial Sector Assessment Program Financial sector policy and analysis Financial sector stability Foreign exchange International organization Monetary policy Stress testing

Frequency:

regular