ROC Releases 2011 Funding Support To Solomon Islands

ROC Releases 2011 Funding Support To Solomon Islands

June 2, 2011 - The Republic of China (Taiwan) Ambassador to Solomon Islands H.E. Roy Wu has formally released the first payment of SB$13.8 million for the 2011 Funding Support to Solomon Islands.

The official release was made to Prime Minister Hon. Danny Philip at a brief ceremony at the Prime Minister’s Office today.

The funding support will cover 46 constituencies after the ROC government has received 46 acquittal reports of the “2010 RCDF” from those 46 constituencies through the Ministry of Rural Development few weeks ago.

The remaining amount of SB$1.2 million will be released later upon submission of acquittal reports by the other four remaining constituencies.

There are three installment payments for 2011 ROC Funding based on the mutual agreement between the two countries which include the ROC Support to Constituency Development (RSCD) of SB$6.25 million, ROC Constituency Micro- Project Fund (RCMPF) of SB$6.25 million and the Millennium Development (MDF) of SB$2.5 million.

Ambassador Wu said the funding will contribute enormously to the alleviation of poverty and improvements in the quality of life for rural area people while Taiwan will continue to support Solomon Islands Government policy to advance the development of rural villages.

In response, Prime Minister Philip thanked the Government and People of Taiwan for their sincere ongoing support to the people of Solomon Islands.

“The funding will bring genuine benefits to the majority of Solomon Islanders in rural areas and enhance their welfare,” Prime Minister Philip said.

ENDS

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