Title Maldives : 2010 Article IV consultation : staff report, staff statement and supplement, public information notice on the Executive Board discussion, and statement by the Executive Director for Maldives / prepared by the staff representatives for the 2010 consultation with Maldives

Published Washington, D.C. : International Monetary Fund, ©2011

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Description 1 online resource (78 pages) Series IMF country report ; no. 11/293 IMF country report ; no. 11/293. 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 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 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." Online resource; title from PDF title page (IMF Web site, viewed October 19, 2011) Subject International Monetary Fund -- Maldives SUBJECT International Monetary Fund fast Subject Economic indicators -- Maldives Debts, Public -- Maldives Debts, External -- Maldives Debts, External Debts, Public Economic history Economic indicators Economic policy SUBJECT Maldives -- Economic conditions Maldives -- Economic policy Subject Maldives Form Electronic book Author International Monetary Fund, issuing body. ISBN 1283559536 9781283559539 9781463954659 1463954654 9781463904333 1463904339 9781463939571 1463939574

Other Titles Maldives, 2010 Article IV consultation

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