Tag: IMF
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A Labour Study by the Opposition Leader: Dictatorship by the Prime Minister
Nothing new was said or announced yesterday during the respective speeches of the major political leaders. The Prime Minister referred to the IMF’s Country Report on Malta which quotes the per capita growth increases. Malta is in league with Romania and Lithuania in this scale of the statistic because real economic growth in small or…
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Malta’s economy to keep outperforming European peers but structural risks remain: IMF
The International Monetary Fund has released its latest Country Report about Malta arguing that Malta’s economy is set to keep outperforming its European peers but structural risks remain. Malta’s economic growth is being mainly driven by export-lead services mainly online gaming and also tourism. It also stated that tourism and an increasing number of foreign…
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Kenya’s President William Ruto withdraws Finance Bill but debt crisis remains
Kenya’s President William Ruto has withdrawn the proposed Finance Bill that would have increased taxes after it sparked riots and protests in the centre of Kenya’s capital, Nairobi. Kenya, which is one of the fastest growing economies in Africa, has subsidised its economic growth with an ever growing and massive public bill. It owes at…
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The IMF says the obvious that the governmnet’s finances are not sustainable
The IMF’s latest report on Malta delineates that the government’s finances and its spending spree are unsustainable. Apart from having to rebalance the budget and make cuts, the IMF is noting the obvious that constant subsidies to keep the economy afloat is not a sustainable economic policy and that the government needs to move towards…
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The IMF is telling the Maltese government to adopt fiscal austerity
I have no doubt that Robert Abela doesn’t understand the economic and financial reports he receives if he reads them at all. I don’t say this to meaningfully insult him, but I mean literally what I say in a truthful manner. I also think he believes his own bullshit and the propaganda he is given…
