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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| Format: | eBook |
| Language: | English |
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Washington, D.C
The World Bank
2023
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| Series: | Economic Updates and Modeling
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| 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 |
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