Maldives : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives

Maldives living standards have risen to middle income levels over the past two decades driven by tourism development. The country's geography—with a widely dispersed population across small far flung islands—creates fiscal challenges and the economy has faced persistent fiscal deficits over the past decade. The economy is highly exposed to climate change which further adds to fiscal costs.