IMF Staff Country Reports

Malta : 2009 Article IV Consultation: Staff Report; Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malta

Author/Editor:

International Monetary Fund

Publication Date:

September 14, 2009

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Malta’s financial sector has so far weathered the global turmoil relatively unscathed; the real economy has been decelerating since the last quarter of 2008. The staff report for Malta’s 2009 Article IV Consultation underlies economic developments and policies. The fiscal position deteriorated sharply in 2008, owing to one-offs and spending slippages. The current account deficit improved to 5½ percent of GDP. The immediate goal for fiscal policy should be to mitigate the negative spillovers on activity from the global crisis without compromising the already fragile public finances.

Series:

Country Report No. 09/287

Subject:

Article IV consultation reports Banking sector Credit risk Economic growth Economic indicators Economic recession Fiscal consolidation Fiscal policy Fiscal reforms Inflation Privatization Public information Real estate prices Staff Reports