The International Monetary Fund (IMF) has called on Macau’s government to use the expiration of the SAR’s six gaming concessions in the next three years to strengthen regulations promoting non-VIP tourism while improving basic tourism infrastructure.

In its Mission Concluding Statement following a recent visit to Macau, published on Monday, the IMF noted the city’s strong fiscal position on the back of its gaming industry but called for higher public investment and social spending to foster inclusion and a medium to long-term fiscal framework to ensure “judicious and efficient use of gaming-dependent fiscal resources”.

More specifically, the IMF said that, “Diversification policies should be guided by careful study of Macau SAR’s comparative advantage.”