Ambitious plans for island state
Malta’s government sees financial services as a key pillar of its economic expansion plans. For its prime minister it is one of the biggest challenges Malta faces over the coming years. In an interview with Hedge Funds Review, he gives his opinion on the development of the hedge fund sector.
Prime Minister Lawrence Gonzi has a vision of where he wants Malta to be by 2015. In that vision, financial services plays a major part. After taking office in March 2004 and his re-election in 2008, he declared his intention to transform Malta by targeting six sectors as the “pillars” of Malta’s economy.
A central role was given to financial services, already contributing 11%–12% of GDP. The target is to increase this to 25% by 2015. Gonzi believes it can be achieved.
Within financial services
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