Sovereign Analysis /
Maldives

Maldives: Improving prospects, but not out of the woods yet

  • Among the world's most affected economies by Covid last year, but authorities acted quickly and took number of measures

  • Tourism is returning towards pre-Covid level and official reserves have recovered, benefitting also from SDR allocation

  • Lack of visibility over external financing needs and sources a concern, and more will need to be done to reduce debt

Maldives: Improving prospects, but not out of the woods yet
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
29 October 2021
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