The financial regulator aims to become financially independent A €24.7 million government grant was needed last year to keep the Malta Financial Services Authority (MFSA) in the black, according to the authority’s annual report. The financial regulator aims to become financially independent from the government by 2024...
Finance Minister unveils the government's public finance forecasts The government is predicting a 7.5 percent deficit for this year, but things could change overnight, Finance Minister Edward Scicluna said on Wednesday. Sharing the government’s budgeting for the year with social partners, Scicluna said his outlook of public...
The International Monetary Fund (IMF) and European supervisory institutions have, over recent years, recommended that Malta sharpens its supervisory tools, integrates its efforts and intensifies its regulatory oversight of the growing number of financial institutions in Malta. The IMF’s Malta Mission Report published last week recognises...
World Economic Outlook report projects a 7.5% decline across eurozone Malta’s economy is projected to shrink by 2.8% this year before rebounding into strong 7% growth in 2021, the International Monetary Fund has projected. The 2.8% contraction would represent a negative shift of more than 7 percentage...