## Maldives: Use of Fund Resources—Request for Emergency Assistance

_IMF Staff Country Reports, April 28, 2005_

## Source details

**Canonical URL:** [Maldives: Use of Fund Resources—Request for Emergency Assistance](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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## Bibliographic details
- Published: April 28, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825497.002

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### Overview
- 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.

### Request specifics
- 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 assessment and rationale
- IMF staff supports the authorities’ requests.
- Stated reasons for support:
  - Exceptional severity of the tsunami’s economic impact.
  - Authorities’ record of sound macroeconomic management.
  - Good cooperation with the IMF.

### Subject coverage and keywords
- 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.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/maldives-use-of-fund-resources-request-for-emergency-assistance-18222_