Friday 14 December 2018

Distribution of funds from Citizenship by Investment scheme

The Board of Governors of the National Development and Social Fund (NDSF) reports that from the Fund’s inception up to the 31 August 2018, it had recorded total revenues of €432,014,517.

During the same period, the Fund has invested a total of €130,576,332 in local listed securities and Malta Government Stock.

In January of this year, the Agency had awarded a grant of €950,000 to Mater Dei Hospital’s Cardiology Department to upgrade its two catheterization suites and has committed a further €55million towards other initiatives related to social housing and healthcare.

Any unallocated funds received by the NDSF are held in a segregated account in the name of the NDSF with the Central Bank of Malta.

The National Development and Social Fund is a government agency established for the purpose of managing and administering seventy per cent of the contributions received from the Individual Investor Programme of the Republic of Malta set up by virtue of the Malta Citizenship Act Cap.188.

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