SOLOMONS NGOS URGED TO TELL PEOPLE OF MONEY CRISIS

admin's picture

HONIARA, Solomon Islands (March 5, 2001 - Solomon Islands Broadcasting Corporation/PINA Nius Online)---Solomon Islands non-government organizations (NGOs) have been urged to help tell the people of the financial crisis the country faces.

Deputy Governor of the Central Bank of Solomon Islands Denton Rarawa made the plea in meeting with NGO representatives in Honiara.

He was quoted as telling them the country is financially losing more than it is gaining.

He said the country is surviving on assistance from overseas development partners following the peace agreements that ended two years of ethnic conflict.

Since the peace agreements the government has faced continued claims for compensation from many sectors.

Mr. Rarawa said the international assistance provided is in the form of grants, loans and other transfers.

But he warned the country will not be able to afford to import essential items like food, medicine and fuel once its reserves dried up.

He appealed to NGOs to assist by explaining to the people through their own information networks the true picture of the country's economic position.

For additional reports from the Solomon Islands Broadcasting Corporation, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Solomon Islands Broadcasting Corporation.

Pacific Islands News Association (PINA) Website: http://www.pinanius.org 

Rate this article: 
No votes yet

Add new comment