NEW SOLOMONS FUND GIVES $143,500 TO EACH DISTRICT

admin's picture

First of its kind "livelihood fund" seeks rural improvements

HONIARA, Solomon Islands (SIBC, April 16, 2008) – The government has approved a Livelihood Development Fund, which distributes one million Solomon Islands dollars [US$143,500] to each of the 50 constituencies in the Solomon Islands.

The Fund comes under the Development Budget, which was passed in Parliament last week.

[PIR editor’s note: The Solomon Islands National Parliament has 50 members, elected for a four-year term in single-seat constituencies].

Permanent Secretary of the Ministry of Rural Development and Indigenous Business Affairs, Judson Leafasia, says the Fund is being provided by the Government specifically for projects that would benefit constituencies.

Dr Leafasia says the Livelihood Development Fund is the first of its kind, adding the government decided such assistance for constituencies to enable quick and direct access to funds to develop tangible projects.

Rate this article: 
No votes yet

Add new comment