Maldives : First Review Under the Stand-By Arrangement and the 24-Month Arrangement Under the Exogenous Shocks Facility and Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Maldives.

Author/Editor:

International Monetary Fund

Publication Date:

June 11, 2010

Electronic Access:

Free Full Text (PDF file size is 639 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The first review of Maldives’ economic performance under the Stand-By Arrangement (SBA) and the Arrangement under the Exogenous Shocks Facility is discussed. The fiscal deficit in 2009 was estimated at 26¼ percent of GDP, 2½ percentage points lower than previously projected. The growth of monetary aggregates slowed down in line with projections. A key risk concerns the ability of the government to maintain the public sector wage cuts. A negative outcome on this would have a large fiscal impact.

Series:

Country Report No. 10/167

Subject:

English

Publication Date:

June 11, 2010

ISBN/ISSN:

9781455207350/1934-7685

Stock No:

1MDVEA2010004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

40

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