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For Immediate Release – Peace Dividend Trust
Dili 13 June 2010, Support to the private sector is an important part of Australia’s $100 million per year aid program to East Timor.
AusAID is continuing discussions with Peace Dividend Trust over its work to support private sector investment by compiling a business directory. Dialogue is currently taking place to determine the scale of support in the 2010-2011 financial year. AusAID looks forward to a positive outcome from these talks.
Australia has been Peace Dividend Trust’s most substantial donor in Timor-Leste over the past three years. During this period, Australia has provided around A$2.6 million to support the Trust’s work.
Further Australian funding to the Trust would come on top of a comprehensive range of existing activities to strengthen East Timor’s private sector. This includes work on enhanced agricultural productivity, which has seen yield increases of between 23 and 80 percent; support to encourage the international trade of livestock; and assistance to build and maintain roads which has provided 35,000 Timorese men and women with short-term work and repaired 700km of roads. From 2010-11, Australia will be investing a further $8.7 million in a program to promote private sector development and make market opportunities more accessible for poor men and women in East Timor.
Media contact:
Jemal Sharah +670 332 2111 ext 253 or Rita Pires +670 3312900 ext 209
.
For Immediate Release – Peace Dividend Trust
Dili 13 June 2010, Support to the private sector is an important part of Australia’s $100 million per year aid program to East Timor.
AusAID is continuing discussions with Peace Dividend Trust over its work to support private sector investment by compiling a business directory. Dialogue is currently taking place to determine the scale of support in the 2010-2011 financial year. AusAID looks forward to a positive outcome from these talks.
Australia has been Peace Dividend Trust’s most substantial donor in Timor-Leste over the past three years. During this period, Australia has provided around A$2.6 million to support the Trust’s work.
Further Australian funding to the Trust would come on top of a comprehensive range of existing activities to strengthen East Timor’s private sector. This includes work on enhanced agricultural productivity, which has seen yield increases of between 23 and 80 percent; support to encourage the international trade of livestock; and assistance to build and maintain roads which has provided 35,000 Timorese men and women with short-term work and repaired 700km of roads. From 2010-11, Australia will be investing a further $8.7 million in a program to promote private sector development and make market opportunities more accessible for poor men and women in East Timor.
Media contact:
Jemal Sharah +670 332 2111 ext 253 or Rita Pires +670 3312900 ext 209
.
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