President Nasheed meets with IMF mission

President Mohamed Nasheed has met with the International Monetary Fund (IMF) mission to review the economic recovery programme yesterday afternoon at the president’s office.

Members of the IMF mission were reportedly “very pleased” with the government’s fiscal and monetary policies. They “hailed” the government’s efforts to keep the budget deficit under control without printing extra money.

The President thanked the IMF for their continued support for the economic recovery of the country. IMF Executive Board approved a loan of USD 92.5 million last December to assist the economic recovery programme.