International Monetary Fund
7 articles
NewsNasheed warns climate crisis pushing nations toward default
Mohamed Nasheed warns that the climate crisis is pushing small island nations toward debt default as mitigation efforts fail. He advocates for a shift toward affordable, nature-based adaptation strategies, like heat-resilient coral, to protect coastlines and economies from rising sea levels and environmental collapse.
BusinessIMF projects economic growth to slow down to one percent
The IMF projects the Maldives' economic growth will slow to 1% due to global conflicts and rising commodity prices. While high debt levels pose a risk, the economy remains resilient with a strong record of meeting obligations. Growth is expected to rebound to 4% in the medium term as the government implements further fiscal reforms.
