Malta is an island that lies in the heart of the Mediterranean Sea, between Europe and Africa. Malta’s location has historically given it great strategic importance as a naval base, and a succession of powers. The country is a member of the United Nations, Council of Europe, and International Monetary Fund as well as a member of the European Union, Eurozone, and Schengen Area. Malta has been classified as an advanced economy together with 32 other countries according to the IMF.
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