IMF will work with us to reduce expenditure, says President’s Office
28 Mar 2012, 7:46 PM
Daniel Bosley
Government spokesman Abbas Adil Riza said today that the IMF is willing to work closely with the government, after a delegation from the organisation arrived in Male’.
Abbas said that as the government’s current policy is to reduce expenditure, it will require assistance from the IMF.
“The IMF wants to re-engage with the Maldives. The main reason the Maldives was suspended from receiving the funds that were destined for the country was because the former administration could not meet the requirements of the IMF,” Abbas was reported as saying in local media.
“The result of the discussions held with the IMF and this government would be an acquirement of extra $20 million from the IMF. It will be settled in a month or so,” he said.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
