Malta’s recovery and resilience plan approved by ECOFIN

Malta’s recovery and resilience plan has been approved by the EU Council of Ministers for Economic and Financial Affairs, known as ECOFIN. This step will be followed by the signing of the agreement that will allow Malta to start receiving grants in relation to the implementation of the respective investments and reforms. Parliamentary Secretary for European Funds Stefan Zrinzo Azzopardi, who participated in the ECOFIN council meeting, thanked the European Commission for "its invaluable assistance" in drawing up Malta’s plan.  Stefan Zrinzo Azzopardi at the Ecofin meeting. Photo: European Funds Parliamentary Secretariat He stated that through the plan, which incorporates a total expenditure of €345 million, €316 million of which are Malta’s grant component from the NextGeneration EU, Malta will implement a vast range of reforms and investments. The planned reforms seek to address various challenges, including those identified in the country-specific recommendations. The measures contained in the plan complement other national investment plans and EU cohesion funding, aimed at strengthening the growth potential and social institutional resilience while reaching Malta’s...