31 Jan 2014

Taiwan releases third tranche of development funding to Solomons

12:12 pm on 31 January 2014

The Taiwan government has released a third tranche of the 2013 constituency development funds totaling over 1.5 million US dollars to the Solomon Islands Government.

The money is to be paid out to support rural development in 28 constituencies following the submission of acquittal reports by the Ministry of Rural Development on how the constituencies have spent their second tranche funding last year.

The remaining 1 million USD will be released following the submission of acquittal reports by the other 22 constituencies.

The Taiwan Government provided a total of 2 point 7 million USD annually to support development programs in the country's 50 constituencies.

The Taiwanese Ambassador to Solomon Islands, Victor Yu, says the funds will contribute to local development projects that will improve the life of the people in the rural areas.