IMF Staff Country Reports

Maldives : 2005 Article IV Consultation-Public Information Notice; Staff Report; and Statement by the Executive Director for Maldives

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

September 3, 2019

Electronic Access:

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

Summary:

The Maldives suffered devastating damage from the December 2004 tsunami. Although human casualties were limited, damage to infrastructure was extensive, with the cost of reconstruction estimated at nearly a half of GDP. Tourism declined by a third and the economy contracted in 2005. Fiscal management has deteriorated and foreign reserves declined from 3½ months of imports a year ago to 2½ months.

Series:

Country Report No. 19/281

Subject:

Balance of payments Development Economic indicators International reserves Monetary authorities