Malta: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion

IMF Staff Country Reports, September 7, 2007

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Malta: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion

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Bibliographic details

• Published: September 7, 2007
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451826630.002

Overview

• Publication date: September 7, 2007
• Series: Country Report No. 2007/305
• Pages: 39
• Volume: 2007
• Issue: 305
• DOI: https://doi.org/10.5089/9781451826630.002
• Stock No: 1MLTEA2007001
• ISBN: 9781451826630
• ISSN: 1934-7685

Macroeconomic developments and drivers of the recovery

• Malta’s economic recovery is gaining traction, owing in large part to cyclical strength and some structural change.
• A public investment boom, financed largely by grants from the European Union, reignited growth in 2005.
• A modest recovery in exports and robust consumption growth, supported by rising employment and household borrowing, helped sustain the upswing in 2006.

Financial sector performance and risks

• Financial stability has continued to improve.
• The concentration of loan portfolios in real estate has continued to rise.
• Nonperforming loans declined further, but levels remain high and provisioning uneven.

Subject areas and keywords

• Subject: Banking, Credit, Expenditure, Financial institutions, Loans, Money, Nonperforming loans, Public debt
• Keywords: CR, Credit, deficit, General data dissemination system, Global, headline inflation, IMF executive board Condludes, ISCR, Loans, Maltese lira, Nonperforming loans, NSO web site, producer price index

International Monetary Fund. "Malta: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion", IMF Staff Country Reports 2007, 305 (2007).