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The Central Bank of Malta is a member of the European System
of Central Banks (ESCB) and the Eurosystem and actively participates
in their decision-making bodies.
The Bank also participates in a number of institutions of the
European Union (EU). These include the Economic and Financial
Committee (EFC) and the Committee for Monetary, Financial and
Balance of Payments Statistics (CMFB). The EFC advises the
Council of the EU on economic and financial matters. The CMFB
advises the European Commission on statistical issues. The
Governor also attends the informal meetings of the ECOFIN Council.
Together with the Ministry of Finance,
the Economy and Investment, the Bank also maintains
relations with international economic and financial institutions
of which Malta is a member. These institutions include the
International Monetary Fund (IMF), the World Bank (IBRD) and
the European Bank for Reconstruction and Development (EBRD).
The IMF maintains close links with the monetary authorities
in member states in order to ensure a stable international
monetary and exchange rate system. The close relationship between
the Bank and the IMF stems from statutory obligations assumed
when Malta joined the Fund in 1968. The Bank is responsible
for conducting all Malta's financial transactions with the
Fund.
Malti
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