Maldives : 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Maldives

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Maldives : 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Maldives
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Volume/Issue:
2009/97
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 2009
DOI:
http://dx.doi.org/10.5089/9781451825527.002
ISBN:
9781451825527
ISSN:
1934-7685
Page:
55
This 2008 Article IV Consultation highlights that the main challenge for Maldives is to contain fiscal expenditures that have increased sharply following the tsunami. Expenditure has reached extraordinarily high levels by international and historical standards, with the majority of the increase in domestically financed expenditure unrelated to the tsunami. Executive Directors were encouraged that Maldives' economy has rebounded strongly from the December 2004 tsunami. Directors have commended the authorities for implementing the Maldives Monetary Authority Act by appointing an independent governor.
Article

Maldives: Staff Report for the 2008 Article IV Consultation—Informational Annex

Author(s):
International Monetary Fund
Published Date:
March 2009
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