President Mohamed Nasheed has today met with the International Monetary Fund (IMF) mission to review the IMF programme in the Maldives under its Stand-by Arrangement and Exogenous Shock Facility to assist economic recovery in the Maldives.
At the meeting held at the President’s Office, the President briefed the IMF mission on the changes to the government’s economic policy and the economic reform package that is to be submitted to the People’s Majlis by the government.
The IMF mission commended the economic policy changes and reform measures proposed by the government in order to make its revenue streams more sustainable.
They noted the importance of adjusting the country’s fiscal and monetary policies to support the new foreign exchange rate system.
In addition, the IMF mission informed the President on the purpose of their visit.
During the discussions, the government and the IMF mission agreed that passing the government’s proposed economic reform packages by the parliament would be an important step towards resuming the IMF programme in the Maldives.
