Maldives: 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for the Maldives

International Monetary Fund

No 2015/068, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that Maldives’ real economy has picked up. Growth is estimated to have reached 5 percent in 2014 with stronger tourism activity driven by a rapid expansion from Asian markets and a tepid recovery from Europe. The IMF staff expects growth to be about 5 percent in 2015. Weaker import prices have pushed down inflation to low levels. Growth is expected to remain relatively strong in the near term, though the fiscal adjustment envisaged in the 2015 Budget will have a mildly negative effect on growth.

Keywords: ISCR; CR; deficit; authority; debt ratio; finance consideration; fuel inflation; Maldives' authorities; current account; Tourism; Current account deficits; Global; Europe; South Asia (search for similar items in EconPapers)
Pages: 73
Date: 2015-03-11
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