Maldives-Assessment Letter for the Asian Development Bank and the World Bank

Date: November 24, 2009
Electronic Access: Full text

Summary:The global crisis has hit the Maldivian economy hard; combined with an unsustainable fiscal expansion, it has led to a large fiscal deficit and severe balance of payments pressures. The authorities are committed to a strong policy adjustment program, and have requested IMF financial support for their program.

Series : Policy Paper
Subject(s): Assessment letters | Maldives | Economic growth | Fiscal policy | Monetary policy | Currency pegs | Relationships with Fund | Asian Development Bank | World Bank