Economic growth alone cannot resolve the current situation: Erdem

Country Economist and Resident Coordinator for Maldives at the World Bank, Erdem Atas has said that economic growth or additional financing cannot resolve the economic vulnerabilities that Maldives is currently facing.

In a tweet on social media platform X (formerly twitter) yesterday, Erdem said that expenditure cuts are necessary to reduce fiscal and current account deficits and improve the country's debt situation.