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An MP reads through the budget 2023 booklet. (File Photo/Parliament)

IMF urges Maldives to take swift action to tackle debt, external shocks

IMF directors urged steadfast implementation of comprehensive reforms to reduce vulnerabilities and strengthen economic resilience.

21 December 2022

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He also reminded that every year when the debt budget is passed by the parliament, it has the power to pass the budget in whatever way it wants.

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He went on to insist that Maldives did not need an IMF package as the economic growth was better than expected.

16 February 2024

Maldives can use debt-for-nature swaps to reduce debt, IMF says

IMF said that the Maldives’ reserves have declined to a low level, which calls for policy actions.

3% hike in commodity prices; unlikely to rise again

Many traders said they were unlikely to see any further hike in prices this year.

31 January 2023

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