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DHIVEHI

IMF recognises Maldives’ economic growth and reform efforts

12 Feb 2025

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Yumn Hassan

Photo: Stefani Reynolds

The International Monetary Fund (IMF) has acknowledged the Maldives' economic growth, projecting a 5 per cent increase in 2025, largely driven by tourism expansion and the Velana International Airport expansion project. Additionally, the IMF commended the Government’s economic reform efforts, including GST reforms, revenue-increasing measures, the halt on money printing, and the introduction of fiscal responsibility laws, while emphasising the importance of fully implementing budgetary reforms for long-term financial sustainability.

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