“Prudent foreign exchange reserve management, alongside the necessary macroeconomic adjustments that include substantial and immediate fiscal adjustments as well as stricter monetary and macroprudential policies to address economic imbalances effectively, would help safeguard the exchange rate peg,” the IMF s...
Between 2014 and 2023, the GDP of the Maldives grew at an average rate of 6.9% per annum, with the tourism sector contributing about a quarter of national income. This heavy reliance on tourism has also made the Maldives vulnerable to external economic shocks. During the pandemic, for instanc...
Bessent Chides IMF, World Bank The Education Department announced it is restarting the collection of payments on defaulted student loans. Here’s what to know about the decision and how borrowers can protect themselves. Aneeta Mathur-Ashton April 22, 2025 The Return of Student Debt: What to Know...
about a third of the population lives in the centrally located capital city of Male and almost a tenth in southern Addu City; the remainder of the populace is spread over the 200 or so populated islands of the archipelago Natural hazards tsunamis; low elevation of islands makes them sensitive...
IMF figures also show a 52% increase in the number of exporters and a 36% increase in the number of importing countries from 2003 data as shown in Fig. 1. While there are concerns relating to the reliability and comparability of these data, the figures point to a clear growth in trade ...
China has debt-trapped Maldives by USD 1.3 billion during Yameen's 5-year regime (which represents more than quarter of its GDP) and Chinese firms engaged in some 17 projects in Maldives. IMF predicts Maldivian debt to reach 121% of GDP by 2020. Maldives has also signed Free Trade Agreemen...
(IMF) predicts a decline in global prices in the medium term, which could ease inflationary pressures, the transition period for these reforms is likely to present challenges for many households. The removal of blanket subsidies means that higher costs for fuel, electricity, and staple goods may...
But Muizzu told the BBC that Male is not facing a sovereign debt default, adding that the country would not join an International Monetary Fund (IMF) programme to handle the crisis. "We have our own home-grown agenda," he said.