Malta: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malta

IMF Staff Country Reports, August 8, 2008

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Malta: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malta

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Bibliographic details

• Published: August 8, 2008
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451826647.002

Economic performance and drivers of growth

• Malta experienced a three-year-long expansion.
• Expansion reflected:
  • strong foreign direct investment,
  • export diversification,
  • value-added upgrading.

Financial sector soundness and banking sector assessment

• Financial soundness indicators held up in 2007 despite unfavorable international developments.
• Banking sector characteristics:
  • liquidity and funding profile are healthy,
  • banks have remained profitable despite markdowns in security portfolios.
• Nonperforming loans:
  • fell further but are still comparatively high and thinly provisioned.

Public sector and structural reforms

• The authorities are unbundling and opening to private participation the fuel and gas operations of the public energy company.

Subjects and keywords (as listed)

• Subject: Banking, Competition, Economic sectors, Exports, External debt, Financial markets, Foreign direct investment, International trade, Public debt, Public sector
• Keywords: authority, Competition, CR, Exports, Global, growth potential, ISCR, Malta, price flexibility, private sector analyst, productivity gain, Public sector, retrenchment measure, spending, state aid, terms-of-trade gain, three-year-long expansion

Content in this bundle

• Cr08276
  • Cr08276 (PDF)