Malta: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malta
August 8, 2008
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This 2008 Article IV Consultation highlights that Malta has experienced a three-year-long expansion reflecting strong foreign direct investment, export diversification, and value-added upgrading. Financial soundness indicators held up in 2007 despite unfavorable international developments. The banking sector’s liquidity and funding profile are healthy, and banks have remained profitable despite markdowns in security portfolios. Nonperforming loans fell further but are still comparatively high and thinly provisioned. The authorities are unbundling and opening to private participation the fuel and gas operations of the public energy company.
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
Pages:
51
Volume:
2008
DOI:
Issue:
276
Series:
Country Report No. 2008/276
Stock No:
1MLTEA2008001
ISBN:
9781451826647
ISSN:
1934-7685
