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The Honolulu Advertiser
Posted on: Saturday, May 5, 2001

Business briefs

Advertiser Staff and News Services

Samoa obtains BOH credit line

Bank of Hawaii has approved a $2.5 million line of credit to American Samoa to protect its economy against fluctuating revenue streams. In March, Gov. Tauese Sunia signed a bill that authorized borrowing up to $5 million. However, Bank of Hawaii allotted only $2.5 million, which matches the government's payroll for two weeks. Without the money, Sunia said sustaining all government operations would be difficult.