Private Sector Organisations Receive Annual Grant for Administrative Support

0
1274

As part of the Government of Samoa’s continuous commitment to strengthening its public-private sector partnership as well as supporting the ongoing development of the Private Sector, Cabinet has approved the allocation of the annual PSO grant for the Financial Year 2021/2022 to ten PSOs to assist with their administrative operations.

“During these challenging times with the COVID19 Pandemic severely affecting both the Samoan and the world economies, the PSO Grant provides crucial support for eligible Private Sector Organisations to enable them to continue serving their respective members,” said Minister for Commercen Industry and Labour (MCIL), Hon Leatinuu Wayne Sooialo.

Eligible organisations are those with commercial affiliations and must be properly registered with MCIL under the Incorporated Societies legislation.

As has been the practice in previous years, there is a set criteria and factors that determines the amount of grant to be awarded to each organisation.

These include the PSO’s registered membership; list of registered members; submission of strategic plan, annual reports and audited financial statements; active advocacy role; and progress of any development projects being undertaken by the PSO.

Hon. Leatinu’u Wayne presented ten eligible PSOs with their approved Grants for the FY2021/2022.

He also encouraged continuous partnership between the PSOs and the Government whilst acknowledging the contribution of the PSOs to the development of the Private Sector and Samoa’s economy by way of their commercial activities that stimulate employment creation and economic prosperity.

President of Samoa’s National Private Sector Organisation – the Samoa of Commerce, Seulupe Michelle MacDonald said Chamber and its members are grateful to the Government for the assistance.

“PSOs play an important coordination role and act as conduits of crucial information between Government and the Private Sector of Samoa..

“PSOs also play a valuable advocacy role and can respond with Private Sector positions to help inform Government policy to support business and help achieve an enabling environment.”