Maldives: 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for the Maldives
March 11, 2015
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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.
Subject: Balance of payments, Current account deficits, Economic sectors, Expenditure, External debt, Public debt, Tourism
Keywords: authority, CR, current account, Current account deficits, debt ratio, deficit, Europe, finance consideration, fuel inflation, Global, ISCR, Maldives' authorities, South Asia, Tourism
Pages:
73
Volume:
2015
DOI:
Issue:
068
Series:
Country Report No. 2015/068
Stock No:
1MDVEA2015001
ISBN:
9781498381611
ISSN:
1934-7685
