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Maldives in privatization drive to fix finances: IMF

Maldives will privatize its international airport located just a few minutes by boat ride from the capital Male’ but could also sell down other state enterprises and bring private capital to a domestic bank, according to the International Monetary Fund.

"A central plank will be the privatization of the airport (at Hulhule island), but stakes in the telecommunications company have already been sold and other enterprises and services (such as electricity, water and sewage) could also be divested," the IMF said in a recent report.
A stake in the telecoms firm has been sold for 40 million US dollars and "a majority stake in the airport is expected to be sold in the coming months", the IMF said in the report issued after the economic watchdog's annual consultations with the Maldives.

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