EUROPE: EIB and Government of Malta strengthen partnership with €260 million investment for sustainable growth

The European Investment Bank (EIB) approved a financing package of €260 million to support the Maltese government’s investments aimed at fostering a smarter, greener, and more resilient economy. The first €130 million tranche was signed this morning in Valletta by Clyde Caruana, Minister for Finance, and Kyriacos Kakouris, EIB Vice-President. This landmark agreement will help Malta co-finance initiatives that receive grants through the European Union budget for the 2021-2027 period, advancing strategic investments in critical sectors that drive economic growth, job creation, and social cohesion.

This funding will drive investment in key areas, including modernising health infrastructure to improve healthcare accessibility, strengthening SMEs by enhancing credit access and fostering entrepreneurship, and accelerating digital transformation to expand connectivity and drive innovation. Additionally, the financing will support biodiversity protection, wastewater management, and sustainable transport initiatives such as cycling infrastructure and energy-efficient solutions. These efforts will encourage sustainable mobility, lower emissions, and enhance energy security, reinforcing Malta’s economic, social, and territorial cohesion in alignment with EU policy priorities.

The EIB will support Malta’s national co-financing share for the implementation of the Operational Programmes for the 2021-2027 period under different EU funds, namely the Cohesion Fund (CF), the European Regional Development Fund (ERDF), the European Social Fund (ESF), the European Maritime, Fisheries and Aquaculture Fund (EMFAF), and the Just Transition Fund (JTF).

Minister for Finance Clyde Caruana commented: “The financing package we have just signed is a testament to the shared values between Malta and the EIB, serving as a crucial step in driving Malta’s economic growth. Through such commitment and collaboration, Malta’s vision for the future will become a reality, thus ensuring that society and local businesses will continue to thrive and excel.”

EIB Vice-President Kyriacos Kakouris highlighted: “This agreement demonstrates the EIB’s strong commitment to Malta’s sustainable growth. By accelerating investments in key areas—healthcare, digital innovation, sustainable transport, and environmental protection—we aim to enhance economic resilience and improve the quality of life for Maltese citizens. Together, we are shaping a greener, more innovative, and competitive future for Malta.”