Last Updated on Thursday, 11 February, 2021 at 11:32 am by Andre Camilleri
Moody’s has given Malta a positive governance rating, the government said in a statement.
According to the agency, “on the whole, the country benefits from a strong institutional environment.”
The report notes that the good rating given to Malta reflects three principle factors, the government said. “Firstly, our country has a track record of strong economic growth. Aside from that, families have elevated wealth levels which make us resilient to economic shocks. Finally, the national debt is moderate and there is enough liquidity for the financial needs of the government to be tackled.”
Moody’s said that “Malta’s economy will be able to recover without significant lasting scars and that its public finances will be brought under control following the pandemic.”
The report also expresses confidence that the goverrnment will continue making the necessary changes to strengthen the institutions in the country. The success of these reforms, according to the report, would also be supportive of an upgrade of the rating”.
The report also took note of Malta’s high rate of vaccinations.