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Maldives : 2012 Article IV Consultation
Public Information Notice; Staff Report; and Statement by the Executive Director for Maldives

Series:Country Report No. 19/283
ISBN 9781513512471
Code: #1MDVEA2019008

Publication year: 2019

Cdn: $25.00; US: $18.00
Language: English
61 pages
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Maldives’ fiscal position is weak, and its external reserves are critically low. The country has a long history of fiscal and external imbalances. The debt ratio is above 80 percent of GDP, and deficits above 10 percent. This loose fiscal stance has contributed to current account deficits of over 25 percent of GDP and sustained pressure on reserves, which has been compounded recently by large debt repayments. Gross reserves could drop to $250 million (1½ months of imports) by February, with the freely usable portion falling to just $50 million.
Maldives : 2012 Article IV Consultation
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 125768 Added: 2019.9.8