“Today, more than ever, we are seeing the fruits of the Malta IIP” – Prime Minister Robert Abela

Jun 5, 2020 | News

During a visit to the Agency’s offices, Prime Minister Robert Abela stressed the importance of this programme for the economic and social development of our country.

The Prime Minister announced the grant of € 1.5 million from the NDSF for Caritas Malta to invest in new property in Blata l-Bajda, with the aim to continue helping those in need in our society.

He went on to say that “The benefits of this programme go beyond the financial assistance in times of national emergency. As a Government, we worked to strengthen the programme to make it more transparent, with adequate scrutiny in order to propel the country; particularly in favour of those most affected by social challenges and various difficulties.”

The Agency’s CEO, Jonathan Cardona, expressed satisfaction that this programme is increasingly strengthening social development in our country.

Caritas Director Anthony Gatt expressed that this allocation of € 1.5 million will help carry out a project that has been a dream since 2005. Even if it cannot be disputed that in recent years our country has created an unprecedented economic wealth that has allowed a wide range of people to move forward, today’s challenges are so dynamic that they necessarily require an investment of this kind. With this in mind, Mr Gatt showed his sincere appreciation and thanked all those who contributed in any way.

This was shared by the Parliamentary Secretary for Citizenship and Communities Alex Muscat, “Thanks to the funds generated through the IIP, which reached 63.8 million euro during the past year, non-governmental organizations such as Caritas are being financially supported by the National Development and Social Development Fund in recognition of the help they provide to our society.”

Finally, the Minister for Home Affairs, Law Enforcement and National Security, Byron Camilleri, emphasized the importance of utilizing the investment generated by this programme in the best interests of those most in need. “There is a positive impact on the Maltese economy, and it’s a good thing that the funds generated by the programme will also be used for the benefit of the community. Without these funds, organizations like Caritas would not be able to materialise their projects to ultimately serve the most vulnerable people in our society.”

Malta Individual Investor
Programme Agency (MIIPA)

Mediterranean Conference Centre
Old Hospital Street
Valletta, Malta VLT 1645

Phone: +356 21 225 232
E-mail: info@iip.gov.mt

Site Map
Terms of Use

Print Friendly, PDF & Email