 Putting Youth First Prime Minister, Honourable Philip J. Pierre's new youth economy has signaled to the island's youth. Their needs will continue to influence policy to help create a more conducive economic environment that promotes entrepreneurship and facilitates business development and growth. The Taiwanese government has bought in, and on October 17th, Ambassador His Excellency Peter Chen formally handed over more than $136,000, which will be used to operationalize the Pierre Administration's youth economy program. Youth economy is the future of a country's development and it is only right that we invest in our future. Today's ceremony demonstrates Taiwan's commitment to continue investing in youth in Sinocia, in Iowa's Prime Minister's youth economy policy. And Taiwan remains dedicated to working with Honourable Prime Minister Pierre and the government of Sinocia to tackle the post-pandemic economy and promote a better future for all. The requisite legislation establishing Honourable Pierre's youth economy was passed in the Lower House of Parliament on July 26th. More than $10 million has been allocated to the youth economy program. You can't tell a young person who wants $5,000. You can ask them who was the mother, who was the father, what experience they have. Well, no, no, no. They have an idea. The idea is workable. We've looked at it and we're going to help them, assist them. The money that you're going to give us loans will not be disbursed from the agency itself. You have to go into an arrangement of a financial institution where the loan portion of the funding will go to that financial institution and the young person will be responsible to the financial institution. But the financial institution will have to be flexible. And that's why you call it on the Sinocia Development Bank to put its house in order so they can receive these applications and deliver it in a flexible manner. Minister for Youth Development and Sports and Member of Parliament for Rosalie, Honourable Kensin Kazeme, is the youngest minister in Honourable Pierre's cabinet. Honourable Kazeme believes the youth economy has the potential to transform the lives of the island's young and aspiring entrepreneurs. With the youth economy, I'm very excited about the prospects that it will bring for a number of solutions. And as a Minister of Sports, I continue to work very closely with the ministry in terms of our skills database, how we can use our skills database to provide the advice for young persons who want a small loan to further themselves. And so I'm super excited and I want to say thank you to the Taiwanese government for making that contribution into our young people. And these are the investments that are going to be life-changing for people that before could not see a way beyond just the talent and skill, but they're going to use it to make themselves, the family, the community and Sinocia better. The Youth Economy Act makes provisions for the establishment of a youth economy agency headed up by a Board of Directors. An evaluations committee comprising a chief executive officer who is appointed by the minister, along with two other members of the board, will be tasked with vetting business proposals submitted by prospective entrepreneurs and businesses owned and operated by youth. Approved business plans would then qualify for loan or grant funding to jumpstart or expand their business ventures. From the office of the prime minister, Rihani Izudo.