Publication: Maldives Debt Management Reform Plan
Date
2019-03-01
ISSN
Published
2019-03-01
Author(s)
World Bank
Abstract
The first Debt Management Performance Assessment (DeMPA) for Maldives was
conducted in 2009, and a second DeMPA was completed in March 2019. The
authorities have taken important steps to improve debt management since the first
assessment, but many challenges remain. The government has implemented a series of reforms to public financial and debt management, including changes to the legal and
institutional framework. Key measures include a complete overhaul of Treasury
operations, the implementation of the Integrated Financial Management Information
System (IFMIS) across all government entities in the capital, Malé, the establishment of a
Treasury Single Account, and the development of cash-flow forecasting procedures. The
coverage of the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) has also been expanded, and the CS-DRMS is now used as a central database for almost all debt obligations, except Islamic finance instruments. The results of the 2019 DeMPA shed light on these improvements and indicate areas for further action.
Link to Data Set
Citation
“World Bank. 2019. Maldives Debt Management Reform Plan. © World Bank, Washington, DC. http://hdl.handle.net/10986/33431 License: CC BY 3.0 IGO.”