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Maldives Needs More Robust Fiscal Reforms to Sustain Strong Recovery
Published on: Monday 03 April 2023
Driven by a rebound in tourism, Maldives’ economy recovered strongly last year, and poverty is expected to have fallen below pre-pandemic levels. But high external debt and tightened global financing pose risks to the country’s fiscal and external accounts, says the World Bank in its twice-a-year update, underscoring the need for more robust fiscal reforms.
