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Maldives Economic Update, September 2010
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Accounting.
- Agriculture.
- Auctions.
- Bank Accounts.
- Capital Flows.
- Commercial Banks.
- Commodity Prices.
- Currencies and Exchange Rates.
- Decentralization.
- Depreciation.
- Development Policy.
- Economic Forecasting.
- Economic Growth.
- Economic Opportunities.
- Economic Policy.
- Expenditures.
- Finance and Financial Sector Development.
- Financial Crisis.
- Financial Management.
- Financial Services.
- Fiscal & Monetary Policy.
- Foreign Direct Investment.
- Gdp.
- Gross Domestic Product.
- High-Income Countries.
- Inflation.
- Interest Rates.
- Macroeconomics and Economic Growth.
- Local Subjects:
- Access to Finance.
- Accounting.
- Agriculture.
- Auctions.
- Bank Accounts.
- Capital Flows.
- Commercial Banks.
- Commodity Prices.
- Currencies and Exchange Rates.
- Decentralization.
- Depreciation.
- Development Policy.
- Economic Forecasting.
- Economic Growth.
- Economic Opportunities.
- Economic Policy.
- Expenditures.
- Finance and Financial Sector Development.
- Financial Crisis.
- Financial Management.
- Financial Services.
- Fiscal & Monetary Policy.
- Foreign Direct Investment.
- Gdp.
- Gross Domestic Product.
- High-Income Countries.
- Inflation.
- Interest Rates.
- Macroeconomics and Economic Growth.
- Place of Publication:
- Washington, D.C. : The World Bank, 2010.
- System Details:
- data file
- 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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