Maldives | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Republic of Maldives
Records
63
Source
Maldives | Claims on central government (annual growth as % of broad money)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977 -6.52754186
1978 -32.67687242
1979 39.58476784
1980 39.03321058
1981 24.71520936
1982 21.319661
1983 -3.3187253
1984 -12.91256472
1985 42.01575584
1986 3.36779962
1987 -9.2071915
1988 -19.26460021
1989 8.34069722
1990 21.46918162
1991 13.79996305
1992 21.03168252
1993 39.09051043
1994 10.97204431
1995 -5.43345399
1996 -6.28109113
1997 -4.69042034
1998 0.34924484
1999 3.0247941
2000 8.1317726
2001 1.73099998
2002 1.75754622
2003 -7.01030513
2004 -7.85691022
2005 4.87873884
2006 -2.62431552
2007 -4.20198015
2008 6.84135026
2009 26.14637618
2010 9.51274305
2011 9.12969105
2012 4.29472658
2013 4.94032398
2014 2.14483008
2015 8.25305756
2016 6.57037906
2017 -5.271268
2018 3.79708238
2019 0.88915427
2020 31.55162233
2021 7.17618488
2022 10.47954158

Maldives | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Republic of Maldives
Records
63
Source