Maldives Development Update, April 2023: Navigating a Tight Line

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 i...

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Bibliographic Details
Corporate Author: World Bank Group (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2023
Series:Economic Updates and Modeling
Subjects:
Online Access:Volltext
Summary: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
Physical Description:1 Online-Ressource
DOI:10.1596/39627