Fabian Demicoli

Press Release: SME Chamber welcomes positive Moneyval result

The SME Chamber congratulates the Prime Minister and the Minister for Finance

While combatting the effects of Covid, Malta was also fighting another important battle to stay off the Moneyval grey listing. It is therefore even more exceptional that during a crises of the extent of Covid Malta managed to achieve such an important result.

The Moneyval opinion, tough not the final one, was awaited with great anticipation by the Chamber of SMEs. A negative opinion would have led to catastrophic consequences on our economy and this catastrophe has now been averted.

A positive outcome such as this one is documented proof that Malta has turned the page. Whilst scrutiny will continue and so will Malta’s efforts to keep up progress, the positive position of Moneyval in relation to Malta’s report goes a long way in addressing the serious shortcoming our country has lived through in the recent past.

The SME Chamber congratulates the Prime Minister and the Minister for Finance on this positive achievement.

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