Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act write by International Monetary. This book was released on 2022-01-14. Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act available in PDF, EPUB and Kindle. The Fiscal Responsibility Act (FRA) came into effect in 2013 to reduce rising public debt and achieve fiscal stability. Maldives has experienced rapid public debt accumulation over the past decade. The FRA establishes objectives for maintaining debt at a sustainable level and reducing the overall fiscal balance. The Act also sets minimum standards for fiscal transparency and accountability and requires the Government to prepare and publish medium-term fiscal and debt strategy reports.
Maldives
Maldives - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Maldives write by . This book was released on . Maldives available in PDF, EPUB and Kindle.
Maldives: Technical Assistance Report-Fiscal Transparency Evaluation
Maldives: Technical Assistance Report-Fiscal Transparency Evaluation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Maldives: Technical Assistance Report-Fiscal Transparency Evaluation write by International Monetary. This book was released on 2021-07-23. Maldives: Technical Assistance Report-Fiscal Transparency Evaluation available in PDF, EPUB and Kindle. Reflecting an ongoing commitment to enhancing fiscal transparency, Maldives is the first small island state, and the second country in Asia, to have undertaken a Fiscal Transparency Evaluation (FTE). The Government of the Maldives (GoM) recognizes the importance of transparency in fiscal management and in delivering on its ambitious policy agenda, while responding to current challenges within a tight fiscal environment. This report assesses fiscal transparency practices in Maldives against the first three pillars of the IMF’s Fiscal Transparency Code (FTC).
Maldives
Maldives - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Maldives write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2024-05-13. Maldives available in PDF, EPUB and Kindle. Despite headwinds from the war in Ukraine, the Maldives’ economic recovery from the COVID-19 pandemic has shown resilience. The cyclical rebound and still favorable economic outlook provide an opportunity for the Maldives to address its large fiscal and external vulnerabilities. This calls for immediate policy actions to rebuild economic resilience and reduce debt to a sustainable level. Given that the Maldives is highly vulnerable to climate change, early actions to rein in debt vulnerabilities will help support the Maldives’ efforts to scale up the much-needed climate adaptation investments in a resource constrained context.
Maldives
Maldives - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Maldives write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2023-11-11. Maldives available in PDF, EPUB and Kindle. The Maldives’ economy is recovering rapidly from the pandemic, underpinned by a strong resumption in tourism on the back of the authorities’ rapid vaccine rollout and policy support measures. Fiscal and external vulnerabilities remain elevated due to rising subsidies, high capital spending, and an increased interest burden. The Maldives has a high risk of external debt distress and a high overall risk of debt distress. Inflation has risen but is relatively contained due to price subsidies. Risks to the outlook are tilted to the downside, including a possible sharp slowdown in key source markets for tourism, high commodity prices, and tighter global financial conditions. A resumption of tourist arrivals from China is an upside risk to growth.
