“‘Skyrocketing public debt’: Maldives at ‘high risk’ of external and overall debt distress, says IMF”, Opindia, February 8, 2024:
“Amid rising fiscal deficits and public debt, Maldives remains at “high risk” of external and overall debt distress, the International Monetary Fund (IMF) said in its report.
This comes after an IMF mission led by Piyaporn Sodsriwiboon visited Male from January 23-February 6 to discuss recent economic developments and the country’s policy priorities.
The report has highlighted that the Maldivian economy expanded by 13.9% in 2022 and is estimated to grow by 4.4% in 2023
“Following the pandemic-induced contraction, the Maldivian economy expanded by 13.9% in 2022 and is estimated to grow by 4.4% in 2023. As tourist arrivals are expected to rise further, growth is projected at 5.2% in 2024,” the report stated…..”
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