Good governance is key for economic growth, says PM Abela

Tista' taqra bil- Malti.

A Cabinet meeting is taking place this morning. Presided by Prime Minister Robert Abela the Cabinet will be discussing Malta’s economy and its future growth.

For the first time, the meeting is being held at The Malta Chamber of Commerce building in Valletta, not at Castille.

In his opening statement, Prime Minister Abela mentioned that to have a sustainable economy the country needs good governance, quality of life, education, improvement in infrastructure, and to become carbon neutral by 2050.

Miguela Xuereb

“It is useless to have economic growth if our quality of life does not improve,” stated Robert Abela.

Abela has also mentioned the recent developments related to the coronavirus pandemic and the controversy raised on mass events which were probably the cause for the spike in COVID-19 cases. The Prime Minister said that Malta needs to continue attracting high quality tourism.

On the issue of education Robert Abela questioned if teachers were prepared and provided with the necessary training when face with the challenges posed by the pandemic. He also said that we need to invest not only in educators but in students who are the future employees and employers.

Regarding the improvements in the country’s infrastructure PM Abela said now it is the time to make important decisions. He also referred to digital infrastructure.

It is possible for Malta to reach the target to become carbon neutral by the year 2050, although challenging, said Abela who also admitted that as a country we need to protect more the environment while mentioning alternative transport means which pollute less.

Women will be the centre of the government’s vision to ensure economic growth, stated PM Robert Abela and not because they are women but because he believes women can contribute more towards economic success.

Malta Chamber appeals for a long-term economic plan

The President of the Malta Chamber of Commerce, David Xuereb, has also addressed the Cabinet meeting. Xuereb urged the government to plan Malta’s economic strategy for the next five years as businesses need direction.

The Malta Chamber of Commerce President said that all the economic factors mentioned by PM Abela in his introductory statement all feature in the vision of the Malta Chamber. He then referred the Think Tank set up by the Chamber to study and propose scenarios for a sustainable, resilient and competitive future for Malta.

Malta Chamber President said that the Chamber’s views will also be presented to the Opposition.