Malta: 2022 Article IV Consultation-Press Release; and Staff Report
February 8, 2023
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Malta: 2022 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed September 19, 2024
Summary
Malta’s economy rebounded strongly from the pandemic. However, the indirect impact of Russia’s war in Ukraine, including the anticipated slowdown in the European economy, high and volatile global energy prices, rising import costs, and weakened public finances following the pandemic are weighing on the outlook. The Maltese economy is expected to slow from 6¼ percent this year to 3¼ percent in 2023. The financial system has proved to be resilient to the pandemic with ample capital and liquidity buffers. In June 2022, the Financial Action Task Force (FATF) removed Malta from its grey list of anti-money laundering and combatting the financing terrorism (AML/CFT) framework.
Publication Details
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Pages:
66
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/078
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Stock No:
1MLTEA2023001
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ISBN:
9798400233364
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ISSN:
1934-7685
