VT150M Copra Subsidy Approved

The Government through the Council of Ministers (COM) has approved a VT150 million copra subsidy.

COM also approved the introduction of a copra subsidy of Vt10,000 per tonne of copra until exhaustion of funds.

Esther Rory, the acting COM secretary says the Council has endorsed the copra subsidy processes and endorsed a memorandum of understanding between the government represented by Ministry of Finance and Economic Management and the buyers.

Furthermore, COM has instructed the Attorney General to review the Memorandum of Understanding between the government represented by Ministry of Finance and the buyers.

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