NIUE GETS ECONOMIC DEVELOPMENT BOOST

WELLINGTON, New Zealand (RNZI, Oct. 8) - Niue’s economy is to receive a US$700,000 boost from New Zealand over the next financial year to help boost the tiny country’s economy.

The funding comes after a plea for help early this year from the Niue Government.

It had requested assistance to foster vanilla farming, tourism and fishing, but fishing has since received a boost from a private investor planning a processing factory.

There will be a significant contribution towards the development of an export vanilla industry, but the Niue Government’s secretary, Cecilia Talagi, says tourism and other sectors will also get a boost.

"Some will be targeted at improving the tourism accommodation and other tourism related activities," Talagi said. "The rest will be apportioned to language and culture and also the major portion of it will be put aside to assist capital assets and maintenance programme"

October 9, 2003

Radio New Zealand International: http://www.rnzi.com/

 

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