Government says it agrees with purchasing of Lombard Bank shares with IIP funds

The government said this afternoon it agreed with the decision taken by the National Social and Development Fund to buy shares in Lombard Bank using IIP money.

In a statement after both the PN and PN requested clarifications, the government said that there should be transparency, although it said experts within the fund should not be hindered by the government in their work.

The government said it is convinced that the decision was taken with development in mind, as the more funds increased the more funds there will be for social reasons.

The government said the PN was and still is against the IIP scheme.

from The Malta Independent http://ift.tt/2FXYKut
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