TC Winston

PM’s Trust Fund receives $10.753m, $23.08 total Winston cash donations

The Minister of Economy Aiyaz Sayed-Khaiyum today released details on the relief accounts set up in the aftermath of Tropical Cyclone Winston. According to Sayed-Khaiyum, a total of $23.08m was received as cash donations in four relief accounts, which includes the PM’s Trust Account. Of this, $18.2m has been utilised to date, leaving a balance of $4.8m. The […]

Calvin Prasad

November 4, 2016 3:23 pm

The Minister of Economy Aiyaz Sayed-Khaiyum today released details on the relief accounts set up in the aftermath of Tropical Cyclone Winston.

Minister of Economy Aiyaz Sayed-Khaiyum at a press conference this afternoon.
Minister of Economy Aiyaz Sayed-Khaiyum at a press conference this afternoon.

According to Sayed-Khaiyum, a total of $23.08m was received as cash donations in four relief accounts, which includes the PM’s Trust Account.

Of this, $18.2m has been utilised to date, leaving a balance of $4.8m.

The majority of the donations($8million)  in the PM’s Trust Fund was used in the Help for Homes Initiative.

In addition to the cash donations, a total of $80.122m were received from countries as “Aid-in-kind”.

(Ministry of Economy)
(Ministry of Economy)

What do you think? Leave a comment below.