Millions in COVID-19 support for businesses lie unused

The Citizen Entrepreneurial Development Agency (CEDA), one of the key entities engaged by government to roll-out the P1.3 billion Industry Support Facility (ISF), is disturbed by the low uptake of the funds it is administering.

After spending billions of Pula in various interventions to help the economy absorb the shock of the COVID-19 pandemic shocks last year, in early November, government shifted its attention to existing businesses through the ISF.