Samoan economy already stimulated

APIA: 31 Mar 2009 – Prime Minister of Samoa Hon. Tuilaepa Lupesoliai Sailele Malielegaoi has told the Samoa business community that the economy is already stimulated by efforts of the Government.

“The Government has already invested heavily in stimulating the economy in the past years,” Tuilaepa said.

The Prime Minister was speaking at the opening of the Samoa Economic Forum to discuss the impacts of the international financial crisis on Samoa.

“Before the Government can fully invest into stimulating the economy, we have to have a better understanding of the impact of the financial crisis on Samoa,” Tuilaepa said.

According to the Government has consistently devoted resources into ensuring a growth in the local communities, especially in the agricultural sector.

“The Talomua (agricultural show), is one of the most effective stimulus we have for our local communities, this encourages production and brings down the prices for our local produce,” Tuilaepa said.

Attended by the business community, civil societies and church leaders, the Forum is the first official discussion of the global economic downturn in Samoa.

“We have to keep in mind that everything comes to an end, this too will come to an end,” Tuilaepa said.

The Prime Minister said that the Government should be the last resort for businesses to seek assistance.

He said that the Government of Samoa continues to invest in infrastructural development and attracting Aid to assist in stimulating the economy.

The outcomes from the meeting will determine a response by the Government.

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