{
  "title": "Maldives: Use of Fund Resources—Request for Emergency Assistance",
  "publication": "IMF Staff Country Reports, April 28, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/maldives-use-of-fund-resources-request-for-emergency-assistance-18222",
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  "summary": "This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance. The authorities have requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance.\n- The authorities requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters.\n- The authorities requested the provision of subsidies to reduce the rate of charge on these resources.\n- IMF staff supports these requests given the exceptional severity of the tsunami’s economic impact and the authorities’ record of sound macroeconomic management and good cooperation with the IMF."
    },
    {
      "heading": "Request specifics",
      "content": "- Requested purchase amount: SDR 4.1 million (50 percent of quota).\n- Requested policy treatment: provision of subsidies to reduce the rate of charge on the emergency resources."
    },
    {
      "heading": "IMF staff assessment and rationale",
      "content": "- IMF staff supports the authorities’ requests.\n- Stated reasons for support:\n  - Exceptional severity of the tsunami’s economic impact.\n  - Authorities’ record of sound macroeconomic management.\n  - Good cooperation with the IMF."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Economic sectors, Environment, Exports, External debt, Imports, International trade, Natural disasters, Tourism.\n- Keywords: assistance, budget support, cost, CR, Exports, government, Imports, international community, ISCR, natural disaster assistance, Natural disasters, reconstruction cost, revenue increase, SDR, Tourism.\n\n---\n\n Content in this bundle\n\n- cr05145\n  - cr05145 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05145 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 28, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451825497.002",
    "This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance.",
    "The authorities requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters.",
    "The authorities requested the provision of subsidies to reduce the rate of charge on these resources.",
    "IMF staff supports these requests given the exceptional severity of the tsunami’s economic impact and the authorities’ record of sound macroeconomic management and good cooperation with the IMF.",
    "Requested purchase amount: SDR 4.1 million (50 percent of quota).",
    "Requested policy treatment: provision of subsidies to reduce the rate of charge on the emergency resources.",
    "IMF staff supports the authorities’ requests.",
    "Stated reasons for support:",
    "Subject areas: Economic sectors, Environment, Exports, External debt, Imports, International trade, Natural disasters, Tourism.",
    "Keywords: assistance, budget support, cost, CR, Exports, government, Imports, international community, ISCR, natural disaster assistance, Natural disasters, reconstruction cost, revenue increase, SDR, Tourism.",
    "**_cr05145**"
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