Tourism growth, reforms boost official reserves: IMF
The IMF's 2026 Article IV Mission concluded that Maldives' official reserves have increased due to strong tourism growth, foreign financial assistance, and government measures to improve foreign currency inflows. The IMF highlighted the Foreign Currency Act for reducing shortages and strengthening reserves. It noted reduced external debt risks but cautioned about vulnerabilities to import costs, oil prices, and tourism demand. The IMF recommended fiscal sustainability, debt reduction, and macroeconomic stability. An IMF delegation visited from June 4-14, meeting with Finance Minister Hassan Zareer and MMA Governor Ahmed Munawar.
The IMF's 2026 Article IV Mission concluded that Maldives' official reserves have increased due to strong tourism growth, foreign financial assistance, and government measures to improve foreign currency inflows. The IMF highlighted the Foreign Currency Act for reducing shortages and strengthening reserves. It noted reduced external debt risks but cautioned about vulnerabilities to import costs, oil prices, and tourism demand. The IMF recommended fiscal sustainability, debt reduction, and macroeconomic stability. An IMF delegation visited from June 4-14, meeting with Finance Minister Hassan Zareer and MMA Governor Ahmed Munawar.
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The IMF's 2026 Article IV Mission concluded that Maldives' official reserves have increased due to strong tourism growth, foreign financial assistance, and government measures to improve foreign currency inflows. The IMF highlighted the Foreign Currency Act for reducing shortages and strengthening reserves. It noted reduced external debt risks but cautioned about vulnerabilities to import costs, oil prices, and tourism demand. The IMF recommended fiscal sustainability, debt reduction, and macroeconomic stability. An IMF delegation visited from June 4-14, meeting with Finance Minister Hassan Zareer and MMA Governor Ahmed Munawar.
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