The cabinet is implementing significant measures. Initiatives such as a new SMRF

As the global trade landscape continues to evolve at a rapid pace, our cabinet is proactively implementing a series of significant measures designed to bolster the resilience and competitiveness of our economy. Central to this strategy is the introduction of a new Strategic Response Fund, a forward-thinking initiative aimed at providing prompt and effective support to businesses navigating the challenges of an increasingly complex and interconnected world.

In addition to the Strategic Response Fund, we are also placing a strong emphasis on supporting small and medium-sized enterprises (SMEs), recognizing the critical role these businesses play in driving innovation, creating jobs, and contributing to the overall vitality of our economic ecosystem. Our targeted approach is multifaceted, focusing on several key areas that are essential for the long-term success and sustainability of our economy.

Firstly, we are committed to providing businesses with the liquidity they need to adapt to changing market conditions. This includes access to financing options and other resources that can help them invest in new technologies, expand their operations, and explore new markets. By ensuring that our businesses have the financial foundation they need to thrive, we are helping to foster an environment in which entrepreneurship can flourish and economic growth can be sustained over the long term.

Secondly, we recognize that the skills and abilities of our workforce are a vital component of our economic competitiveness. To this end, we are implementing initiatives designed to equip workers with the skills they need to succeed in an ever-evolving job market. This includes investments in education and training programs, as well as initiatives aimed at promoting lifelong learning and helping workers adapt to the changing demands of the modern workplace.

Lastly, our goal is to foster a more self-reliant economy, one that is less dependent on external factors and better positioned to withstand the uncertainties of the global trade landscape. This involves supporting the development of domestic industries, promoting innovation and research, and encouraging businesses to invest in their own futures. By taking a proactive and strategic approach to economic development, we are confident that we can build a more resilient and competitive economy, one that is well-positioned to thrive in the years ahead. Through these measures, we aim to not only navigate the challenges of the present but to also seize the opportunities of the future, ensuring a brighter and more prosperous economic future for all.