St Helena : St Helena Questions and Answers on the MOU
Submitted by Saint Helena Herald (Public Relations Information Office) 17.10.2010 (Article Archived on 31.10.2010)
On 22 July 2010, the Secretary of State for International Development, Andrew Mitchell, announced HMG’s intention to finance an airport on St Helena subject to a number of specific conditions.
Questions and Answers on the MOU
On 22 July 2010, the Secretary of State for International Development, Andrew Mitchell, announced HMG’s intention to finance an airport on St Helena subject to a number of specific conditions. The first three conditions are concerned with technical issues relating to the airport. The fourth condition defines the part that the St Helena Government (SHG) must play. It states that “SHG undertakes to implement the reforms needed to open the island’s economy to inward investment and increased tourism”. In a telephone conference with the Secretary of State for DFID, Andrew Mitchell on 27 July, Elected Members undertook to determine and agree the level of reform needed to meet this obligation.
The changes that SHG will deliver to open the Island to investment, grow the economy and get ready for air access will be set out in an MOU to be signed between SHG and DFID. But what is an MOU, what does it do and what does it mean for St Helena?
Today SHG is starting a series of questions and answers on the MOU, the issues covered in the MOU and the implications of the reforms which SHG will deliver. These will be published at regular intervals to keep you up to date on what is happening with this important document and what it all means. In the first of the questions, we look at what an MOU is and what it does...
What does MOU stand for?
MOU stands for Memorandum of Understanding.
What is an MOU?
An MOU is a formal agreement between two parties, often by two Governments.
When will the MOU be signed?
The MOU is due to be signed on 10 December 2010 between SHG and DFID.
What will the MOU do?
The MOU will set out what SHG needs to do, who will do it and by what deadline, to enable St Helena to benefit as much as possible from airport driven economic growth and to meet condition four of the Written Ministerial Statement.
Public Relations/Information Office
Office of the Chief Secretary
13 October 2010