About Us

Relations with international institutions

The Central Bank of Malta is a member of the European System of Central Banks (ESCB), the Eurosystem and the European Systemic Risk Board (ESRB). The Governor and other officials of the Bank actively participate in the decision making of these institutions.

The Bank is also represented in a number of other structures of the European Union (EU). The Governor attends the informal meetings of the Economic and Financial Affairs (ECOFIN) Council while senior officials take part in the Economic and Financial Committee (EFC) which advises the Council on economic and financial matters. Other staff members participate in the Committee for Monetary, Financial and Balance of Payments Statistics (CMFB), which assists the European Commission in drawing up and implementing work programmes concerning statistical issues.

Together with the Ministry for Finance, 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 Group, the European Bank for Reconstruction and Development (EBRD), and the Asian Infrastructure Investment Bank (AIIB).

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.

The Bank also maintains the status of observer at the Bank for International Settlements (BIS) and at the European Banking Authority (EBA).