Maldives : 2019 Article IV Consultation
Press Release; Staff Report; and Statement by the Executive Director for Maldives
Series:Country Report No. 19/156
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Publication year: 2019
Cdn: $25.00; US: $18.00
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.