IMF Staff Country Reports

Maldives: Financial Sector Assessment Program-Technical Note on Macroprudential Policy

Publication Date:

January 19, 2024

Electronic Access:

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Summary:

The Maldives Monetary Authority (MMA) is the entity responsible for maintaining financial stability. The Board of the monetary authority has decision-making powers over MMA’s three mandates (in order of priority): maintain price stability, maintain financial stability, provide assistance to the government in attaining economic development and stability. To maintain financial stability, MMA regulates and supervises the financial institutions and oversees the payments and settlements system. It also houses a Credit Information Bureau (CIB), a key element for both micro and macroprudential supervision. The securities market, outside of the scope of MMA, is regulated by the Capital Market Development Authority (CMDA).

Series:

Country Report No. 2024/021

Subject:

Financial regulation and supervision Financial Sector Assessment Program Financial sector policy and analysis Financial sector stability International organization Liquidity requirements Macroprudential policy Monetary policy Systemic risk

Frequency:

regular