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Former President Nasheed Urges Climate Financing Instead of IMF Bailout

Former President Mohamed Nasheed, Secretary-General of the Climate Vulnerable Forum, said climate-vulnerable countries such as the Maldives do not necessarily need IMF programmes, proposing alternatives like carbon trading and debt-for-climate swaps amid rumours of a Maldives IMF bailout. The IMF projects 5.2% growth for the year, while Economic Minister Mohammed Saeed has rejected claims that the country needs an IMF bailout.

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Sources 1carried it 1 of 19 news outlets we monitor
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  • 5.2% IMF-projected economic growth rate Maldives Republic the IMF projecting a 5.2% growth rate for the year, albeit lower than the previous year

    Word for word from the report in Maldives Republic. Open the report

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  • The Maldives went through an IMF programme that stabilised the country's finances but led to political challenges due to austerity measures. in 2011 Maldives Republic This approach builds on Nasheed’s experience with an IMF programme in 2011, which, despite stabilising the Maldives’ finances, led to political challenges due to austerity measures.

    Word for word from the report in Maldives Republic. Open the report

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