Maldives : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Maldives
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Summary:
The Maldives is suffering from the impact of the COVID-19 pandemic. The Maldivian economy is one of the most dependent countries on tourism. GDP growth is projected to be about -8.1 per cent in 2020, about 15 percentage points below the prepandemic growth rate, and with large downside risks. The baseline impact would open a 2020 external financing gap of about US$214 million and a fiscal financing gap of around US$ 228 million.
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