The Malta Development Bank (MDB) has transformed itself into a key channel for the delivery of economic and financial support measures against the challenges posed by the pandemic, while also delivering incentives intended to revitalise Malta’s economy during the prospective recovery phase. In its annual report for 2020, tabled in Parliament on Wednesday by the Minister for Finance and Employment Clyde Caruana, the MDB gave details of how hundreds of businesses employing tens of thousands of employees benefitted from the MDB’s support throughout the past year. Despite originally being founded with the primary objective of addressing the funding gaps of SMEs and infrastructural projects, the bank quickly responded to the needs of the economy to support companies of all sizes in all economic sectors and to provide a broader range of financing that fit the needs of businesses during such unprecedented circumstances.