1.

Record Nr.

UNINA9910970510803321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2007

ISBN

9786613741776

9781455275250

1455275255

9781452789026

1452789029

9781280919596

1280919590

9781452708423

1452708428

Edizione

[1st ed.]

Descrizione fisica

1 online resource (40 p.)

Collana

IMF Staff Country Reports

Disciplina

332.152

Soggetti

Monetary policy - Malta

Fiscal policy - Malta

Banking

Banks and Banking

Banks and banking

Banks

Credit

Currency

Debt Management

Debt

Debts, Public

Depository Institutions

Econometrics & economic statistics

Expenditure

Expenditures, Public

Finance

Financial institutions

Foreign exchange reserves

Foreign exchange

Industries: Financial Services

Loans

Macroeconomics



Micro Finance Institutions

Monetary economics

Monetary Policy

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Money and Monetary Policy

Money

Mortgages

National Government Expenditures and Related Policies: General

Nonperforming loans

Public debt

Public finance & taxation

Public Finance

Sovereign Debt

Malta Economic conditions

Malta Economic policy

Malta

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Cover title.

"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover.

"September 2007"--Cover.

Nota di contenuto

""Cover""; ""Contents""; ""Executive Summary""; ""I. Introduction""; ""II. Background""; ""III. Policy Discussions""; ""A. Bolstering Competitiveness""; ""B. Advancing Fiscal Adjustment""; ""C. Enhancing Financial Sector Stability""; ""IV. Staff Appraisal""; ""Tables""; ""1. Selected Economic Indicators, 2003�12""; ""2. Medium-Term Fiscal Projections, 2003�12""; ""3. Monetary Developments, 2003�07""; ""4. Summary Balance of Payments, 2003�12""; ""5. Indicators of External and Banking Sector Vulnerability, 2003�07""; ""6. Financial Soundness Indicators, 2004�06""

""7. Public Sector Debt Sustainability Framework, 2003�12""""Figures""; ""1. Economic Performance in a Regional Perspective""; ""2. Convergence Criteria, 2001�07""; ""3. Interest Rate and Monetary Developments""; ""4. Labor Productivity""; ""5. Public Sector""; ""6. Financial Sector and Real Estate""; ""Boxes""; ""1. Malta�s Deteriorating External Competitiveness""; ""Contents""; ""Appendixes""; ""I. Fund Relations""; ""II. Statistical Issues""

Sommario/riassunto

This 2007 Article IV Consultation highlights that 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. Although financial stability has continued to improve, the concentration of loan portfolios in real estate has continued to rise. Although nonperforming loans declined further, levels remain high and



provisioning uneven.