Malta National Productivity Board was established in October 2019. The Board engage in the independent analysis of policy challenges in the field of productivity and competitiveness and assess the effects of policy options, making trade-offs of policy explicit. Its diagnosis and analysis of productivity and competitiveness development in Malta take also into account euro area and European Union aspects and address the long-term drivers and enablers of productivity and competitiveness, including innovation, and the capacity to attract investment, businesses and human capital, and to address cost and non-cost factors that can affect prices and quality content of goods and services including relative to global competitors in the short term.
The Board is composed of eleven members for a 4 years term. The Chairperson of Malta Council for economic and social development acts as the Chairperson for the Board. The other members include : one senior official nominated by the Minister responsible for Finance, a member nominated by the Governor of the Central Bank, four members nominated by the workers’ organisation constituted bodies sitting in the Malta Council for economic and social development and four members nominated by constituted bodies representing national employers’ organisations sitting in the Malta Council for economic and social development.
Malta Council for economic and social development provide secretariat support for the Board.