President tells IMF economic reforms will continue

President Mohamed Nasheed has informed the IMF that the government will continue its program to reduce public sector expenditure.

He met with the IMF’s Deputy Director for the Asia Pacific Region, Dr Kalpana Kochhar, at the President’s Office yesterday.

President Nasheed noted that the government has an agreement with the Civil Service Commission to reduce salaries due to the “extraordinary economic circumstances facing the country.”

The president also discussed the proposed taxation reforms which is being considered by the People’s Majlis.

Dr Kochhar assured the president of the IMF’s support for the government’s manifesto program.