Maldives Economic Update, September 2010
The rebound in tourism experienced since August 2009 seems to have been sustained, auguring well for a sizeable recovery this year from the slump of 2009. Despite having posted better-than-expected fiscal results in the first half of the year, the...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/995921468300648621/Maldives-economic-update-September-2010 http://hdl.handle.net/10986/27773 |
| Summary: | The rebound in tourism experienced since
August 2009 seems to have been sustained, auguring well for
a sizeable recovery this year from the slump of 2009.
Despite having posted better-than-expected fiscal results in
the first half of the year, the country will be hard-pressed
to sustain this in the medium term. However, despite the
challenges, the government remains steadfastly committed to
fiscal consolidation. Monetary policy has been made more
conducive to sustaining both domestic stability and external
stability. Inflation pressures remain modest, with the
introduction of non-monetary financing of the deficit.
However, the country's turbulent political environment
persists, complicating forecasts of future outcomes. The
ambitious task of fiscal consolidation and the establishment
of macro stability require much political bi-partisanship
and cooperation. |
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