CABINET TO DELIBERATE ON ECONOMIC STIMULUS PACKAGE.
The Government’s proposed economic stimulus package to cushion the negative impacts of Covid-19 on the national economy is expected to be deliberated on by Cabinet this week.
Prime Minister Manasseh Sogavare said last Friday that the Covid 19 pandemic is unleashing havoc and generating a lot of uncertainty around the world, including Solomon Islands.
Preliminary predictions from CBSI has indicated that Covid-19 is ‘likely to have considerable negative impact on the Solomon Islands economy’.
“In our efforts to address the impacts of the pandemic and off course the recent cyclone, the Government is preparing to provide a Stimulus Package,” Mr Sogavare said.