IMF: ‘Urgent and stronger’ fiscal controls needed

3 days ago

The International Monetary Fund (IMF) has repeated its warning that the Maldives’ sunny five percent economic growth forecast for 2025 masks potential headwinds, resulting in the need for “more urgent and stronger” fiscal consolidation measures. The Maldivian government has said it plans to roll out fiscal reforms designed to save MVR 7.7 billion in costs this year. But there has been