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World Bank Urges Maldives to Implement Immediate Fiscal Reforms
The World Bank's Maldives Development Update 'Batten Down the Hatches', presented at the Maldives National University on Wednesday, projects 6.5 percent real GDP growth in 2023 and 5.4 percent on average from 2024 to 2025, while warning of rising spending, high debt and external shocks. The bank urged immediate fiscal reforms including overhauling Aasandha, rationalising state-owned enterprise contributions, moving to targeted subsidies and expanding the tax base.
Sources1carried itMR1 of 19 news outlets we monitor
Figures3as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Wed 22 NovThe World Bank Maldives Development Update 'Batten Down the Hatches' was showcased in a presentation.the Maldives National University (MNU)Wednesdayonly Maldives Republicwas released last month but was showcased in a presentation on Wednesday at the Maldives National University (MNU)
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Who said what
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There is an urgent need to address the country's fiscal and external vulnerabilities, especially through prudent debt management and expenditure reform measures, and develop a sustainable and resilient infrastructure investment framework, …