Maldives Development Update, April 2023

• Ngôn ngữ: eng
• Ký hiệu phân loại: 915.49 Geography of and travel in Asia
• Thông tin xuất bản: World Bank, Washington, DC, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 309573
• Chủ đề: 1. ECONOMIC OUTLOOK; 2. FISCAL DEFICIT; 3. INFLATION; 4. PRIVATE SECTOR LENDING; 5. PUBLIC DEBT

Tóm tắt

The economy has recovered to pre-pandemic levels and, with rising tourist arrivals, is expected to maintain a strong growth and poverty reduction trajectory over the medium term. Commodity price volatility is driving inflation and exerting pressure on fiscal and external balances, through costlier imports and higher subsidies. Despite recent improvements, public debt is expected to remain high, warranting continued efforts to reduce fiscal deficits, including comprehensive subsidy reforms while mitigating impacts on the vulnerable.