IMF Staff Country Reports

Maldives : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

June 10, 2019

Electronic Access:

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

Summary:

Growth has been strong and is projected to remain so in 2019 driven by tourism, commerce, and construction. Nonetheless, the Maldives remains highly vulnerable with reduced policy space due to large and growing public debt and rising pressures on external stability. The imbalances call for urgent action for maintaining stability. Going forward, the new administration’s main challenge is to manage fiscal and external imbalances given weak buffers and tightening global financial conditions, while large projects are ongoing.

Series:

Country Report No. 19/156

Subject:

Capital Credit Development External sector Monetary authorities