The IMF report published on Wednesday clearly showed that Malta’s economy would continue to improve and that there was bigger confidence in the market because of a drop in political uncertainty.

This contrasted with the doom and gloom policy of PN leader Simon Busuttil, who had forecast that Malta would opt for a bailout should Labour be elected to government.

On the contrary the government led by Joseph Muscat was giving the country a responsible economic direction while seeing to the financial problems inherited from the previous government.

The IMF was saying that the economy would improve even because of the fact that Malta had a stable government, as quoted in the report itself.

It was also significant that the IMF also approved the work being done by the new government to place Enemalta on a solid basis, while welcoming plans for the reduction of water and electricity bills and the fact that it did not want to keep the country dependent on oil.

This again showed how wrong the PN leader was when he tried to ridicule Labour’s plan for lower water and electricity rates.