Malta has seen significant economic growth over the last ten years, according to the preliminary findings of an International Monetary Fund (IMF) mission. Although a slowdown in growth is anticipated, it is expected to remain among the highest in Europe. Inflation has decreased to approximately 2.25%, though some pressures continue within the services sector.
The influx of foreign workers and tourists has contributed to this growth but also led to increased population density and infrastructure strain. Despite these challenges, Malta's financial system remains resilient and stable.
The IMF staff outlined several policy priorities for Malta: consolidating fiscal positions in line with the European Union’s new fiscal framework, safeguarding financial stability, and pursuing structural reforms.
The statement reflects the views of the IMF staff following their visit to Malta but does not necessarily represent those of the IMF’s Executive Board. A report based on these findings will be prepared for discussion and decision by the board.
The mission expressed gratitude for "warm hospitality and candid, high-quality discussions" from Maltese authorities and private sector counterparts. Special thanks were extended to the Central Bank of Malta and the Ministry of Finance for their support during meetings.
A user satisfaction survey will be available at the end of visits to provide feedback on using the IMF website.