2020 economic stimulus package

K44.5m for MSMEs

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.”

K5.6bn economic stimulus package announced

Speaking in Parliament this afternoon, Treasurer Ian Ling-Stuckey said: “This is the largest economic stimulus package in our history because this is the greatest economic and social challenge in our history.

“The package is based on smart economic stimulus options with minimum impacts on the budget and maximum gains for our people and economy. The package is based on five principles and has six key components. Further announcements on measures will be made in coming days.