The Government and ITL receive stimulus cheques worth VT124 million.

The Ifira Ports Development Services (IPDS) has announced two stimulus cheques of VT124,458,573 for its two shareholders, the Ifira Trustees Limited (ITL) and the Vanuatu Government. The cheques were given as part of the financial stimulus recovery package from the two Tropical Cyclones (TC) Judy and Kevin to assist in recovery programs of the Vanuatu government and the community of Ifira. For the government, the cheque is going into the central government revenue as part of the normal revenue collection. The fund for the community of Ifira will be used for its economic recovery program that was introduced during the COVID-19 pandemic to address the crisis that has occurred over the years up to the two recent cyclones. The initiative stands on four pillars, which are income, employment, business, and the community. Money is not directly given to the community to meet the economic crisis. However, works were created for the people to be employed and earn an income. The high monetary amount of cheques given is a testament to the business leadership of the IPDS Chairman and Ifira Paramount Chief, Teriki Paaunimanu Mantoi Kalsakau III, and also the trust of the government through the current and previous shareholders.