Minister of Finance Elbuchel Sadang signed the loan agreement with the government of Taiwan on March 30th for the $5 million-dollar soft loan targeted at women and youth for entrepreneurship finance. President Remengesau Jr. expressed Palau’s appreciation to Taiwan saying that it was “a timely” support. Olbiil Era Kelulau had recently given its approval to […]
Tag: Funding Assistance
Posted inWorld News
US deaths top 1,000 as $2.2 trillion in virus aid approved
NEW YORK (AP) — U.S. deaths from the coronavirus pandemic have topped 1,000, in another grim milestone for a global outbreak that is taking lives and wreaking havoc on economies and established routines of ordinary life. In a recognition of the scale of the threat, the U.S. Senate late Wednesday passed an unparalleled $2.2 trillion […]
Posted inPacific News
World Bank Group increases COVID-19 response to US$14 billion to help sustain economies, protect jobs
WASHINGTON,18 MARCH 2020 (WORLD BANK) —The World Bank and IFC’s boards of directors approved today an increased US$14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease […]
Posted inPacific News
PNG Govt seeking K3.8 billion loan for budget support
PORT MORESBY, 20 FEBRUARY 2020 (POST COURIER) —Papua New Guinea Treasury Minister Ling-Stuckey says government is seeking an extra K3.8 billion (US$1.1 billion) in international financing to support the 2020 Budget. Ling-Stuckey, when giving his ministerial statement on the PNG economy, announced in Parliament that PNG has formally applied for a Staff Monitored Program with […]