TAIWAN RELEASED 2nd ROC FUNDING SUPPORT TO SIG
Taiwan has released the second payment for the “2014 ROC Funding Support to Solomon Islands”, but only for 45 constituencies.
A media statement from the Embassy today says, Taiwan’s Ambassador to Solomon Islands Victor Te-Sun Yu formally released the second payment of SBD$13.5 million to Prime Minister Gordon Darcy Lilo yesterday.
The media statement says the $13.5 million covers 45 constituencies who delivered their acquittal reports against the first payment of the funding support.
The Taiwanese Embassy also explained payments from the 2014 ROC Funding includes funds for the Constituency Development Fund, the Constituency Micro-Project Fund, and the Millennium Development Fund.
The Embassy says, there are three instalment payments to the 2014 ROC Funding.
The Embassy adds the Ministry of Rural Development submits acquittal reports to the Embassy before the payments, to ensure accountability and transparency in use of the funds.
Meanwhile, Taiwan’s Ambassador to Solomon Islands Victor Te-Sun Yu says the second tranche of the “2014 ROC Funding Support to Solomon Islands” will contribute to local development projects, and improve the quality of life for people in rural areas.
Ambassador Yu made the statement when he handed over the second payment to Prime Minister Gordon Darcy Lilo yesterday.
He also said Taiwan will continue to support Solomon Islands Government for the development of rural villages.
Prime Minister Gordon Darcy Lilo said the funding will bring big benefits to the majority of Solomon people in rural areas and enhance their welfare.