The International Monetary Fund (IMF) has affirmed the Macau Special Administrative Region (MSAR) government’s policy response in containing the COVID-19 pandemic and the deployment of fiscal resources to soften its adverse impact on the economy, the Macau Monetary Authority (AMCM) said in a statement yesterday.
The linked exchange rate system between the pataca and the Hong Kong dollar continued to serve the MSAR well, underpinning its economic and financial stability, according to a concluding statement from the IMF Article IV consultation for Macau through virtual meetings from January 10 to January 21.
The IMF mission welcomed the Macau Monetary Authority’s initiatives in launching new financial infrastructure to promote the development of modern financial services.
The IMF mission also recommended a multi-dimensional approach in enhancing the supply of skilled labor to support Macau’s financial sector expansion, including additional investments in professional training and information and communication infrastructure, expediting regional integration and streamlining business regulations.
The IMF’s Concluding Statement on completing the 2022 Article IV Consultation with the MSAR is available on the official website of the international financial institution based in Washington, DC https://www.imf.org/. – Xinhua, MPD
Infographics provided by Macau Monetary Authority (AMCM) yesterday.
