Central Malaita Student Association Blog Site: MALAITA PROVINCE WORKS WITH NATIONAL GOVERNMENT TO SETTLE DEBTS

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.........................................WELCOME......................................... The Central Malaita Students Association (CMSA) is a multi-dialect and cultural Student Group Consisting of students from Kwara’ae, Langalanga, Kwai and Ngongosila, Malaita Outer Islands, Kwaio and Fataleka. Our vision and objective is to protect the norms and cultural values of our members while at the same time we enhance our academic knowledge and skills towards the promotion of development and the improvement of living standards in our respective regions. .............................................DISCLAIMER............................... The site welcomes any contribution by way of information, comments, news articles, photos etc from its members and interested members of the public to ensure we are well informed of all the developments in our villages, constituencies, regions, islands, country, region and the world at large as well. However, any transmission of information, news and comments is intended only for the use of the members of the Association. Any use or dissemination of information provided in this site in other websites or medium of information is not the responsibility of the Association, and the Association cannot be held liable for it. The contents of this webpage, unless expressly stated, do not comprise the views of the Association or any representation by the Association, but are views of its individual members. .

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Wednesday, March 21, 2007

MALAITA PROVINCE WORKS WITH NATIONAL GOVERNMENT TO SETTLE DEBTS

Department of Prime Ministers Office and Cabinet
By Brian Wanga (in Auki)

The Malaita Provincial Government is currently working on a financial strategy in collaboration with the Debt Management Unit of the Ministry of Finance to settle debts incurred by the province since 2005.
The Malaita Provincial Treasurer Anna Saeni said yesterday the intervention by the Sogavare-led Grand Coalition for Change Government (GCC) has helped the province to pay its debts to the National Provident Fund (NPF).
The Province had borrowed heavily from NPF to fund the operations of its now defunct Malaita Shipping Company over the years.
"Malaita Province was financially burdened due to large loans borrowed from NPF to operate its shipping fleet.
"But the action taken by the Grand Coalition for Change government to repay the debts has allowed Malaita Province to breathe compared to past experiences when the debt was heavily carried on our shoulders," Ms Saeni said.
The Provincial government is also working on its 2007/2008 budget which is expected to be finalized at the end of this month.
"We can now prioritize payments with our creditors and keep the province financially viable" she added.
Both Malaita and Western Provinces have had their debts cleared by the Grand Coalition of Change Government through payments to Solomon Islands National Provident Fund.

posted by administrator @ 8:56 AM

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