Maldives Economic Update, September 2010

World Bank

Maldives Economic Update, September 2010

2010

World Bank

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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Mots clés AGROVOC

accounting agriculture assets auctions balance of payments commercial banks commodities decentralization depreciation development economics dumping economic growth environmental management exchange rate expenditure exports gross domestic product import imports income inflation interest rates liquidity

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D'autres materias

Economic policy; Financial management; Government policy; Economic opportunities; Domestic credit; Foreign direct investment; Employee; International reserves; Commodity price; Government finance; Gdp deflator; Interest rate; Banking project; Domestic savings; Long-term loans; Current account; Current account balance; International market; Bids; Import prices; Exchange rate peg; Domestic banking system; Consumer price inflation; Cash flows; Bank accounts; Imbalances; Commodity; Development policy; Domestic banking; Consumer price index; Financial services; Human development; Financial flows; Growth rates; Import duties; Average oil prices; Investment projects; Foreign exchange reserves; Import duty; Earnings; Fiscal deficit; Gross national savings; Auction; Annual growth; Auction system; Credit growth; Commodity prices; Import growth; Fixed investment; Government revenues; Financial crisis; Excess liquidity; Fiscal consolidation; Current account deficit; Capital grants; Forecasts; Current account surplus; Key risk; Credit outstanding; Government investment; Financing requirement; Access to financial services; Currency; Gdp; Employer; Banking system; Bills; Government securities; M1; Foreign exchange; Local currency; Foreign financing; Global climate; Export growth; Deficit financing; Economic developments; Environmental risks; Economic crisis; Expenditures; Credit expansion; Capital flows; Currency payment; High-income countries

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anglais

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Maldives Economic Update, September 2010

2010

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