Government Launches Vision 2050

The Maltese government has launched its strategic vision for the coming 25 years, outlining 100 measures to be reached by 2035, which will be regularly monitored to ensure that their delivery is on target.

Scope and ambition

Dubbed Vision 2050, the plan covers a wide range of policy areas including economic development, education, health, environment, infrastructure, and governance. It represents the first time Malta has articulated a long-term national strategy of this scale.

The vision was developed through consultation with stakeholders across the public and private sectors, including industry bodies, academic institutions, and civil society organisations.

Financial services priorities

For the financial services sector, Vision 2050 identifies several key priorities including talent development, regulatory modernisation, and digital transformation. The strategy acknowledges the sector’s contribution to Malta’s GDP and emphasises the need to sustain its competitiveness through targeted investment in skills and infrastructure.

Among the 100 measures outlined in Malta’s Vision 2050 strategy, several are directly relevant to the financial services industry. These include:

Macro 15 – Boost asset servicing and wealth management, and further develop the capital market by innovating, streamlining regulations, automating regulatory processes, strengthening value chains, and leveraging international promotion.

Macro 16 – Attract and develop FinTech companies through targeted incentives and international promotion.

Macro 17 – Position Malta as a preferred hub for regional offices of multinational groups and specialised finance entities by strengthening the ecosystem of support services, enhancing talent attraction – including international educational facilities and specialised global expertise – and improving regulatory efficiency.

Macro 18 – Strengthen Malta’s talent base for financial services by enhancing financial-services curricula and educational programmes, attracting both local and foreign students, as well as incentives to attract and retain specialised global expertise. An HR trends analysis sponsored by Identità is currently being carried out by the University of Malta to examine the sector’s talent needs up to 2035.

Macro 19 – Position Malta as an attractive jurisdiction for aircraft financial leasing.

Monitoring and accountability

Each of the 100 measures has been assigned to a responsible entity, with delivery milestones set for 2035. Progress will be monitored by a dedicated oversight body and reported publicly on a regular basis.

The full Vision 2050 document is available on the official Vision 2050 website.