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The first review of Maldives’ economic performance under the Stand-By Arrangement (SBA) and the Arrangement under the Exogenous Shocks Facility is discussed. The fiscal deficit in 2009 was estimated at 26¼ percent of GDP, 2½ percentage points lower than previously projected. The growth of monetary aggregates slowed down in line with projections. A key risk concerns the ability of the government to maintain the public sector wage cuts. A negative outcome on this would have a large fiscal impact.

International monetary fund -- Maldives. --- Maldives -- Economic conditions. --- Maldives -- Economic policy. --- Banks and Banking --- Foreign Exchange --- Labor --- Money and Monetary Policy --- Public Finance --- Exports and Imports --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Wages, Compensation, and Labor Costs: General --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Lending and Debt Problems --- Public finance & taxation --- Monetary economics --- Labour --- income economics --- Banking --- Currency --- Foreign exchange --- International economics --- Monetary base --- Public sector wages --- Government debt management --- Money --- Public financial management (PFM) --- External debt --- Money supply --- Wages --- Debts, Public --- Banks and banking --- Debts, External --- Maldives --- Economic conditions. --- Economic policy.

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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.

Economic development -- Maldives. --- Fiscal policy -- Maldives. --- International monetary fund -- Maldives. --- Maldives -- Economic conditions. --- Exports and Imports --- Macroeconomics --- Public Finance --- Industries: Financial Services --- Industries: Hospital,Travel and Tourism --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Sports --- Gambling --- Restaurants --- Recreation --- Tourism --- Current Account Adjustment --- Short-term Capital Movements --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- International economics --- Hospitality, leisure & tourism industries --- Finance --- Public debt --- External debt --- Current account deficits --- Expenditure --- Economic sectors --- Balance of payments --- Debts, Public --- Debts, External --- Fiscal policy --- Maldives