Maldives: Use of Fund Resources—Request for Emergency Assistance

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Volume/Issue: Volume 2005 Issue 145
Publication date: April 2005
ISBN: 9781451825497
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Industries - Hospitality Travel and Tourism , Natural Disasters , ISCR , CR , assistance , government , reconstruction cost , natural disaster assistance , cost , SDR , budget support , revenue increase , international community , Natural disasters , Tourism , Imports , Exports

Also of interest
Nepal
Peru
Grenada
Republic of Congo : 2001 Article IV
Summary

This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance. The authorities have requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters. The authorities have requested the provision of subsidies to reduce the rate of charge on these resources. IMF staff supports these requests given the exceptional severity of the tsunami’s economic impact and the authorities’ record of sound macroeconomic management and good cooperation with the IMF.

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