The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
Malta showed good economic performance in the past years, reflecting its strengthened policy, and a benign external environment. Executive Directors appreciated the fiscal consolidation and structural reforms, and noted that the country remained vulnerable to investment shocks and short-term capital flows. They emphasized that steps should be taken to secure fiscal deficit reduction in the short- and medium-terms, and also to strengthen the financial system, exchange rate regime, and monetary policy. They agreed that the country's database is adequate for surveillance, but requires further strengthening.