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Initiating Fiscal Reforms Essential to Maldives’ Sustained Economic Growth: World Bank
The World Bank's Maldives Development Update 2024, published Wednesday, calls for urgent fiscal reforms, warning that a 13.2 percent of GDP fiscal deficit, high import dependence and declining reserves threaten sustained growth. The report projects 4.7 percent medium-term growth and expects the announced reform agenda to help, while recommending a larger adjustment and a targeted transfer mechanism for vulnerable groups.
Sources1carried itMR1 of 19 news outlets we monitor
Figures10as 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 8 MayThe World Bank published its “Maldives Development Update 2024” report calling for urgent fiscal reforms.on Wednesdayonly Maldives Republicthe organisation outlined in its “Maldives Development Update 2024” published Wednesday.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
Implementing the government’s fiscal reform agenda is essential to sustaining economic growth in Maldives. The World Bank remains committed to supporting Maldives in these reform efforts. This includes developing a targeted mechanism to su…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
1.88 milliontourist arrivals in 2023Maldives RepublicWhile acknowledging that the number of tourist arrivals in 2023 reached a record-breaking 1.88 million
Word for word from the report in Maldives Republic. Open the report
2.9 percentinflationMaldives Republicinflation, remaining higher than the historical average of 0.5 percent, at 2.9 percent for the year
Word for word from the report in Maldives Republic. Open the report
0.5 percenthistorical average inflationMaldives Republicinflation, remaining higher than the historical average of 0.5 percent, at 2.9 percent for the year
Word for word from the report in Maldives Republic. Open the report
0.4 percentage pointspoverty increase from food price inflationMaldives Republicinflation in food prices could increase poverty by 0.4 percentage points, with atolls experiencing even higher rates.
Word for word from the report in Maldives Republic. Open the report
13.2 percent of GDPfiscal deficitMaldives Republichas resulted in a sharp increase in total expenditure and a fiscal deficit of 13.2 percent of GDP in 2023
Word for word from the report in Maldives Republic. Open the report
4.7 percentmedium-term economic growth projectionMaldives Republicthe World Bank report projected that economy will grow by 4.7 percent over the medium-term
Word for word from the report in Maldives Republic. Open the report
7.4 percentpre-pandemic average growthMaldives Republica decrease from the pre-pandemic average of 7.4 percent.
Word for word from the report in Maldives Republic. Open the report