Maldives: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives

Maldives: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Maldives
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Volume/Issue: Volume 2023 Issue 365
Publication date: November 2023
ISBN: 9798400258442
$20.00
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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , International - Economics , Industries - Hospitality Travel and Tourism , positivity rate , program rollout , MMA authorities , staff projection , staff supplement , Maldivian authorities , MMA advance , COVID-19 , Capital spending , South Asia , Global , Asia and Pacific

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Summary

The Maldives is recovering after the historical 2020 fall in tourism, aided by a rapid COVID-19 vaccination program rollout. While the prompt and comprehensive policy approach in early 2020 was effective, a more prolonged pandemic and ambitious infrastructure projects are further weakening large pre-pandemic fiscal and external vulnerabilities.

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