SOLOMON ISLES TO RECEIVE $20 MILLION FROM EU

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Cash to support Solomons government budget

HONIARA, Solomon Islands (Solomon Star, Dec. 23, 2009) – SOLOMON Islands will receive $15.2 million euro (SB$169 million [US$20.3 million]) from European Union next year, according to Minister of Planning, Steve Abana.

Mr. Abana revealed this when asked by Opposition leader during the committee of supply into 2010 budget yesterday in Parliament.

He said he will accompany Prime Minister Dr. Derek Sikua to Brussels early next year to sign the financial agreement.

"The 15.2 million euro is to help the Government in its budgetary support," he said.

Dr. Sikua during the debate of the 2009 Supplementary Appropriation (No.2) Bill recently said the funds from the donors will help ease some of the pressure from Government to implement its development programmes next year.

He said Government finds it difficult to implement some of its development projects this year due to the financial crisis.

Meanwhile, the Ministry of Planning is introducing a Project Monitoring and Evaluation Unit in its department to deal with projects in the country.

Mr. Abana, also MP for Fataleka, said this comes about after Government has paid money to some ‘ghost projects’ this year.

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