Description |
1 online resource (78 pages) |
Series |
IMF country report ; no. 11/293 |
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IMF country report ; no. 11/293.
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Contents |
Cover; Contents; I. Background; II. Recent Economic Developments; Figures; 1. Real and External Sector Developments; 2. Monetary and Financial Sector Developments; 3. Fiscal Developments; III. Policy Discussions; A. Growth, Competitiveness, and Medium-term Outlook; B. Fiscal Policy; C. Monetary and Exchange Rate Policies; D. Financial Sector; E. Program Issues; IV. Staff Appraisal; 4. Program Performance; Boxes; 1. Impact of the Global Crisis on Tourism-dependent Economies and Policy Responses: A Cross-country Perspective; 2. Exchange Rate, External Sustainability, and Competitiveness |
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3. Public Financial Management ReformsTables; 1. Selected Economic and Vulnerability Indicators, 2006-12; 2. Central Government Finances, 2007-12; 3. Monetary Accounts, 2006-11; 4. Balance of Payments, 2006-12; 5. Medium Term Projections, 2006-15; 6. Financing Requirements and Sources, 2006-12; 7. Selected Economic and Vulnerability Indicators, 2006-12 (Adjustment Scenario); 8. Central Government Finance, 2007-12 (Adjustment Scenario); 9. Medium-Term Projections, 2006-15 (Adjustment Scenario); Appendices; 1. Estimated Fiscal Impact of a Devaluation |
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2. Sensitivity of the CPI to Exchange Rate Changes3. Implementation of Past Fund Advice; Contents; I. Fund Relations; II. World Bank-IMF Joint Management Action Plan; III. Relations with the Asian Development Bank; IV. Statistical Issues |
Summary |
Owing to severe fiscal and external imbalances, the Maldives government adopted an IMF program in 2009. Despite some crucial initial actions, fiscal slippages and political polarization have undermined the restoration of sustainability. The key policy challenge is to prevent a fiscal crisis, achieve macroeconomic sustainability, and stimulate growth. The authorities concur with the need to tighten monetary policy. The authorities have welcomed the IMF program as a useful framework to guide and reinforce their efforts to restore external balance and fiscal sustainability |
Notes |
"September 2011." |
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Online resource; title from PDF title page (IMF Web site, viewed October 19, 2011) |
Subject |
International Monetary Fund -- Maldives
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SUBJECT |
International Monetary Fund fast |
Subject |
Economic indicators -- Maldives
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Debts, Public -- Maldives
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Debts, External -- Maldives
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Debts, External
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Debts, Public
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Economic history
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Economic indicators
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Economic policy
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SUBJECT |
Maldives -- Economic conditions
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Maldives -- Economic policy
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Subject |
Maldives
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Form |
Electronic book
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Author |
International Monetary Fund, issuing body.
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ISBN |
1283559536 |
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9781283559539 |
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9781463954659 |
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1463954654 |
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9781463904333 |
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1463904339 |
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9781463939571 |
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1463939574 |
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