The World Bank warns that without fiscal reforms, reliance on high-interest foreign debt could exacerbate financial challenges.
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Goods being loaded onto a vessel in the Male' Local Market area: World Bank has reduced its forecast for Maldives economic growth for the year by 0.5 percent -- Photo: Fayaz Moosa
Malika Shahid
2024-05-09 13:42:18
The World Bank has revised down its growth forecast for Maldives this year.
According to the new report published by the World Bank, the Maldivian economy is projected to grow by 4.7 percent this year. This figure aligns with the forecast for the economy provided by the Central Bank of Maldives, Maldives Monetary Authority (MMA).
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