Maldives governor urges government frugality

The Maldive Islands

The governor of the Maldives Monetary Authority, Fazeel Najeeb, today urged a decrease in government spending as he believes it is hampering the central bank's ability to conduct effective monetary policy.

Najeeb, who spoke to, says the Maldives' government has created a large public deficit by spending beyond its means, which it must finance by issuing treasury bills and bonds. In 2009 the deficit was nearly 25% of GDP, and although it fell to 13% last year, there is still a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: