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A digest of news and opinion from the Maldives.

International Monetary Fund (IMF)

Moody's

Moody’s indicates ratings push for Maldives if debt is lowered

By Maldives Times 2 min read

Ratings giant Moody’s has indicated that they would consider raising ratings for the Maldives if fiscal deficit is lowered. Moody’s said that if the deficit continues to increase, then it will impact the ability for the nation to borrow. At 65.7 percent of GDP in 2016, debt is significantly above the median for B-rated sovereigns […]

imf

IMF Executive Board Concludes 2017 Article IV Consultation with Maldives – International Monetary Fund

By Maldives Times 4 min read

On October 20, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Maldives. Maldives’ economic growth has been highly volatile, driven primarily by high-end tourism and construction. The economy grew by 3.9 percent in 2016 and continues to improve in 2017 on a recovery in tourism and […]