The recovery for businesses looted and burned in last week’s unrest are estimated to cost more than SBD200 million with a loss of more than one thousand jobs.
These figures are likely to increase as assessments are continuing to determine the exact cost of damages.
Prime Minister Manasseh Sogavare said the carriage experienced in the past few days have already cost more than $200 million in damages and more than 1000 jobs.
Sogavare said the global pandemic has made our country vulnerable but the recent events have made us even more vulnerable.
The government is already working on a recovery package for those businesses that have been damaged and destroyed by the carriage as a means of minimizing the impact on our already struggling economy.
Sogavare said the businesses that suffered were contributors to the Government revenue in the form of taxes.
“These are the people who pay taxes to the government to finance the essential services that the very people who are engaged in these destructions and their master-minders enjoyed,” Sogavare.
“It is for this reason that the Government will not let our business community down, and will do all we can, to rebuild their lives,” the Prime Minister added.