In an analysis report on our country, the experts of the Moody’s agency gave a positive rating to the governance in our country. According to this agency, “on the whole, the country benefits from a strong institutional environment”, so much so that environmental and social risks to which our country is exposed, according to Moody’s, are “balanced by a very strong governance profile”.
The Moody’s report notes that the good rating given to our country reflects three main factors. First of all, our country has a “track record of strong economic growth”. In addition, families in our country have “elevated wealth levels” that make us resilient to economic shocks. Finally, the national debt burden is moderate and there is sufficient liquidity to meet the Government’s financial needs.
That is why the experts of this agency claim 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 Government will continue to make the necessary changes to further strengthen the institutions of our country. The success of these reforms according to the report “would also be supportive of an upgrade of the rating”.
Moody’s report also notes how Malta has the highest rate of per capita vaccinations among European Union countries, more than double the European average. In addition, it points out how the rate of infections has decreased following the implementations of new measures.
The Government welcomes the positive analysis of the experts of this agency while maintaining that in the coming months the work will continue to strengthen the economic resilience of our country while the institutions of our country continue to be further improved.
