Yesterday afternoon the Algeria-Malta Parliamentary Friendship Group paid a courtesy visit to Finance Minister Edward Scicluna. The Algerian delegation was led by the President of the Algeria-Malta Parliamentary Friendship Group Noura Boudaoud who was accompanied by members of the Algerian Parliament and a representative of the Algerian Embassy in Rome.

 

PRESS RELEASE BY THE MINISTRY FOR FINANCE

The Algerian delegation noted the robust growth rates registered by the Maltese economy in recent years, particularly in 2015. They also acknowledged the Government’s efforts to increase investment and diversify in new sectors, as well as the various structural reforms undertaken with the aim of ensuring sustainable growth. They further remarked that given the current economic challenges faced by oil-exporting countries such as Algeria, they wish to diversify their economy in new sectors through foreign direct investment as this would help them gain solid and sustainable growth.

 

 

 

 

 

 

 

 

 

The Minister for Finance remarked that the differences that exist between the two countries’ economies can be taken as an opportunity for investment as each country can provide expertise on its main areas of specialisation hence, complementing each other. Prof Scicluna also expressed the Government’s willingness to collaborate and to continue strengthening relations with Algeria in the coming future.

Minister Edward Scicluna was accompanied by Permanent Secretary Alfred Camilleri and Chief of Staff Tania Brown, and by MFIN and MFA advisors.