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International Monetary Fund. European Dept.

Strengthening Public Financial Management May 2013 STA Balance of Payments April 2009 STA SDDS subscription finalization November 2006 STA Producer price index/SDDS preparations April and (expert visits) December 2007 June 2005 STA ROSC Data Module October 2002–January 2003 MFD FSAP missions (joint with World Bank) March 2001 STA Money and banking statistics February 1999 MAE Monetary operations and liquidity Forecasting Resident Representative None Statistical

International Monetary Fund. European Dept.

with Malta was concluded on January 6, 2016. Technical Assistance Date Department Subject April 2015 FAD Revenue Administration November 2014 FAD Revenue Administration March 2014 FAD Strengthening Public Financial Management May 2013 STA Balance of Payments April 2009 STA SDDS subscription finalization November 2006 STA Producer price index/SDDS preparations April and Expert visits December 2007 June 2005 STA ROSC Data Module October 2002

International Monetary Fund. European Dept.
The fallout from the COVID-19 crisis has hit the Maltese economy hard, particularly its large tourism sector. Using fiscal buffers accumulated prior to the pandemic, the authorities have taken swift actions to support households, businesses, and the healthcare system. With the rapid rollout of COVID-19 vaccine, the economy has reopened for the summer tourism season. While the outlook is surrounded by a high degree of uncertainty, the Maltese economy is expected to rebound by 5¾ percent this year, up from -7¾ percent in 2020. The financial system has remained stable. In late June 2021, the Financial Action Task Force (FATF) put Malta under increased monitoring due to concerns about effectiveness of its anti-money laundering and combatting the financing of terrorism (AML/CFT) framework.
International Monetary Fund. European Dept.
This 2020 Article IV Consultation focuses on Malta’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. Pursuing structural reforms is expected to help sustain Malta’s growth performance while promoting social inclusion. The focus should continue to be on encouraging female and elderly participation in the labor market, upskilling the labor force and stimulating innovation. Moreover, to safeguard the business climate, remaining governance shortcomings should be addressed without delay, including by stepping up the fight against corruption and by increasing the efficiency of the judicial system while ensuring its independence. Improving access to affordable housing remains a key priority in support of greater inclusion. It is imperative to maintain gradual consolidation to ensure a balanced structural budget excluding proceeds from the Individual Investor Program. The IMF staff suggests continuing addressing infrastructure needs while upgrading public investment efficiency. Improve fiscal risk analysis and management.
International Monetary Fund. European Dept.
This 2015 Article IV Consultation highlights that Malta’s economy is growing strongly. Real GDP growth has been one of the highest in the euro area since the beginning of the crisis, supported by vibrant domestic demand, large infrastructure projects, and a stable banking sector. Unemployment is at historical lows, and labor participation is increasing. The current account remains in surplus, and the external position is broadly in line with fundamentals. Growth is expected to remain solid in 2016–17, driven initially by domestic demand and later by a gradual recovery of external demand. Inflation is projected to pick up gradually owing to the positive output gap and higher imported inflation on account of the weaker exchange rate.
International Monetary Fund. European Dept.

, 2019. Technical Assistance Date Department Subject September 2018 – January 2019 MCM FSAP missions September 2018 FAD Fiscal Transparency April 2015 FAD Revenue Administration November 2014 FAD Revenue Administration March 2014 FAD Strengthening Public Financial Management May 2013 STA Balance of Payments April 2009 STA SDDS subscription finalization November 2006 STA Producer price index/SDDS preparations April and December 2007 Expert visits

International Monetary Fund. European Dept.
International Monetary Fund. European Dept.

This 2015 Article IV Consultation highlights that Malta's economy is growing strongly. Real GDP growth has been one of the highest in the euro area since the beginning of the crisis, supported by vibrant domestic demand, large infrastructure projects, and a stable banking sector. Unemployment is at historical lows, and labor participation is increasing. The current account remains in surplus, and the external position is broadly in line with fundamentals. Growth is expected to remain solid in 2016-17, driven initially by domestic demand and later by a gradual recovery of external demand. Inflation is projected to pick up gradually owing to the positive output gap and higher imported inflation on account of the weaker exchange rate.

International Monetary Fund. European Dept.

This 2015 Article IV Consultation highlights that Malta's economy is growing strongly. Real GDP growth has been one of the highest in the euro area since the beginning of the crisis, supported by vibrant domestic demand, large infrastructure projects, and a stable banking sector. Unemployment is at historical lows, and labor participation is increasing. The current account remains in surplus, and the external position is broadly in line with fundamentals. Growth is expected to remain solid in 2016-17, driven initially by domestic demand and later by a gradual recovery of external demand. Inflation is projected to pick up gradually owing to the positive output gap and higher imported inflation on account of the weaker exchange rate.