Treasurer Ian Ling-Stuckey says this targeted, decentralised support will get to those who need it most as quickly as possible.
“The money – K500,000 for each district – has already begun to flow to district COVID-19 accounts.
“The informal sector and MSMEs are the backbone of the rural economy and provide livelihoods for over 80 percent of the population. By supporting MSMEs, we support the rural and subsistence economy throughout the nation, which has been hard hit by the State of Emergency lockdown.”