Government budgetary support to SICCI
The Democratic Coalition Government for Advancement will now provide budgetary support to the Solomon Islands Chamber of Commerce and Industry.
Prime Minister Hon. Manasseh Sogavare announced this morning, during an SICCI breakfast at the Heritage Park Hotel.
“The government will now provide budgetary support to SICCI by including this in each year’s national budget under the Ministry of Commerce, Industry, Labour and Immigration,” Prime Minister Sogavare declared.
The Prime Minister reassured SICCI and its members that the government values it’s committed to this partnership and as a testament to this commitment, SICCI will now be financially supported by the Government.
SICCI must be reassured of the government’s support and genuineness in this partnership. Such commitment promotes trust between the government and the private sector.
Prime Minister Sogavare adds, the government has a partnership with SICCI which is governed by a Memorandum of Understanding and the government will continue to engage with the private sector through SICCI.
Addressing barriers to business growth, the Prime Minister said, his government is aware that reinvigorating economic growth and ensuring its resilience, sustainability and inclusiveness are important.
He said, meeting this objective requires adjusting structural policies to tackle pre-existing weaknesses and those arising from the COVID 19 pandemic.
Prime Minister Sogavare emphasised, the government has resolved to tackle the underlying problems of law and order, corruption, infrastructure deficit, developing appropriate financial services, reforming the legal and regulatory systems and work with the private sector to build dialogue and capacity.