Malta 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Malta
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Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 71 |
Release | : 2021-09-17 |
Genre | : Business & Economics |
ISBN | : 1513596985 |
The fallout from the COVID-19 crisis has hit the Maltese economy hard, particularly its large tourism sector. Using fiscal buffers accumulated prior to the pandemic, the authorities have taken swift actions to support households, businesses, and the healthcare system. With the rapid rollout of COVID-19 vaccine, the economy has reopened for the summer tourism season. While the outlook is surrounded by a high degree of uncertainty, the Maltese economy is expected to rebound by 53⁄4 percent this year, up from -73⁄4 percent in 2020. The financial system has remained stable. In late June 2021, the Financial Action Task Force (FATF) put Malta under increased monitoring due to concerns about effectiveness of its anti-money laundering and combatting the financing of terrorism (AML/CFT) framework.
Author | : International Monetary Fund. European Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 67 |
Release | : 2020-04-10 |
Genre | : Business & Economics |
ISBN | : 1513540076 |
This 2020 Article IV Consultation focuses on Malta’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. Pursuing structural reforms is expected to help sustain Malta’s growth performance while promoting social inclusion. The focus should continue to be on encouraging female and elderly participation in the labor market, upskilling the labor force and stimulating innovation. Moreover, to safeguard the business climate, remaining governance shortcomings should be addressed without delay, including by stepping up the fight against corruption and by increasing the efficiency of the judicial system while ensuring its independence. Improving access to affordable housing remains a key priority in support of greater inclusion. It is imperative to maintain gradual consolidation to ensure a balanced structural budget excluding proceeds from the Individual Investor Program. The IMF staff suggests continuing addressing infrastructure needs while upgrading public investment efficiency. Improve fiscal risk analysis and management.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 84 |
Release | : 2021-07-14 |
Genre | : Business & Economics |
ISBN | : 1513593250 |
Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.
Author | : International Monetary Fund. European Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 77 |
Release | : 2024-01-29 |
Genre | : Business & Economics |
ISBN | : |
Malta has experienced an impressive recovery from the pandemic and demonstrated resilience to shocks resulting from Russia’s invasion of Ukraine. With weaker growth in Europe and waning post-pandemic pent-up demand, staff expect growth to decelerate somewhat but continue to expand by 61⁄4 percent in 2023 and 5 percent in 2024, among the highest in Europe. Persistent inflationary pressures are expected, while concern has risen about growing capacity constraints. The financial system has demonstrated resilience to successive shocks.
Author | : Doron Goldbarsht |
Publisher | : Springer Nature |
Total Pages | : 355 |
Release | : |
Genre | : |
ISBN | : 3031595475 |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1972 |
Genre | : |
ISBN | : |
Author | : Ms. Lisa L Kolovich |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2024-10-18 |
Genre | : Social Science |
ISBN | : |
As governments design policy packages to address the main macroeconomic questions of our times, putting a gender lens on macroeconomics can amplify reform impact. In this note, IMF staff’s analysis has called for attention to strengthening legal rights, gendered aspects of fiscal policy, and enhancing women’s work–life choices, including through structural reforms. Capacity development to assist member countries in their reform efforts has grown and, so far, has centered on integrating gender into public financial management systems through gender budgeting.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 2021-05-25 |
Genre | : Business & Economics |
ISBN | : 1513573004 |
The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable groups. They averted a larger decline in output and kept unemployment under control. After contracting by 5.5 percent in 2020, real GDP is projected to grow by 3.9 percent in 2021 and 4.5 percent in 2022, as vaccinations help achieve herd immunity. However, risks to the outlook are large and tilted to the downside, given the epidemiological situation.
Author | : International Monetary Fund. Secretary's Department |
Publisher | : International Monetary Fund |
Total Pages | : 74 |
Release | : 2021-10-04 |
Genre | : Business & Economics |
ISBN | : 1513568817 |
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author | : Sumangala Damodaran |
Publisher | : Taylor & Francis |
Total Pages | : 400 |
Release | : 2024-10-31 |
Genre | : Business & Economics |
ISBN | : 1040149316 |
The world is grappling to come up with alternative imaginations for transformation despite repeated crises, inequalities and immiseration caused by the increasing dominance of the neo-liberal capitalist framework and the collapse of twentieth-century socialist models. This book looks at concepts that form the core of development economics and political economy and brings together perspectives that explore the inextricable relationship between development and human rights, social movements and the call for social transformation. The essays in this volume honour the massive corpus of work across a large number of areas around development issues by the eminent economist Jayati Ghosh. The book includes contributions by academics, activists and practitioners and attempts to understand the socio-economic causes of inequality, poverty and oppression. Divided into five parts – corresponding broadly to key areas of Ghosh’s work – the book explores capitalism, inequality and development, gender and development, political economy of trade and financial systems, human development and human rights, and music. The volume situates Ghosh’s work within a heterodox and broad-based understanding of development processes and provides many insights towards a new vision that sets an agenda for further research as well as mobilisation. This volume will be of great interest to students, researchers, practitioners and scholars working on the issues of development, transformations, political economy, social science, economics, macroeconomics, international economics, politics and development studies.