IMF give recommendations for Fiscal Responsibility Act

1 day ago

International Monetary Fund (IMF) provided recommendations for Maldives' Fiscal Responsibility Act (FRA).  The FRA came into effect in 2013, with the objective of reducing the increasing public debt and achieving fiscal stability. It also sets minimum standards for fiscal transparency and accountability and requires the government to prepare and publish medium-term fiscal and debt strategy reports. In response to a request from the