“The Government’s proposed economic stimulus package to cushion the negative impacts of COVID-19 on the national economy is expected to be deliberated on by Cabinet this week.
“Prime Minister Manasseh Sogavare said last Friday that the COVID-19 pandemic is unleashing havoc and generating a lot of uncertainty around the world, including the Solomon Islands.
“In our efforts to address the impacts of the pandemic and of course the recent cyclone, the Government is preparing to provide a Stimulus Package,” Mr. Sogavare said.
“The Ministry of Finance and Treasury were finalizing the stimulus package in collaboration with other relevant government agencies and stakeholders in recent weeks, which will be ready for deliberation by Cabinet this week.
“The Economic Stimulus Package is a demonstration of the Government’s Commitment to cushion the negative impacts caused by both the COVID-19 global pandemic and the recent cyclone Harold and to ease the fallout of the pandemic on businesses and the general public.
“According to Sogavare, the economic stimulus package is aimed at stabilizing our domestic economy by addressing the drop in business activities resulting from the downscaling to both private and public sector operations. “
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