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

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 276

Publication date: August 2008

ISBN: 9781451826647

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , ISCR , CR , productivity gain , Malta , terms-of-trade gain , spending , authority , private sector analyst , state aid , three-year-long expansion , growth potential , retrenchment measure , price flexibility , Exports , Competition , Public sector , Global

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Peru

Republic of Congo : 2001 Article IV

Summary

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.