Ministry of Economic Affairs leads $2.8B disbursement

The Ministry of Economic Affairs recently announced the disbursement of $2.8 billion, marking a significant milestone in the country's economic development. This allocation is a crucial step towards supporting various projects and initiatives aimed at boosting the nation's economy.

Of the total disbursement, nearly half of the funds have been earmarked for non-flood-related loans. These loans are primarily focused on oil financing and providing essential budgetary support to key sectors. This strategic allocation of funds underscores the government's commitment to promoting economic growth and stability.

This achievement is particularly noteworthy as only 20% of the total commitments exceeding $8 billion have been released for various projects thus far. The timely disbursement of funds is essential for ensuring the smooth implementation of critical projects and initiatives that are vital for the country's progress.

The Ministry of Economic Affairs' successful disbursement of $2.8 billion reflects a proactive approach towards economic development and financial management. By allocating funds strategically and prioritizing key sectors, the government is laying a strong foundation for sustainable growth and prosperity. This milestone not only signifies progress in economic initiatives but also demonstrates the government's commitment to driving positive change and development in the country.