Solomon Islands and ADB
In the Spotlight
More than 94,000 small and medium enterprise loan accounts were opened between 2011-2014 in Asia and the Pacific. With the loan she obtained, vegetable entrepreneur Rose Sese from the Solomon Islands has expanded her business and now sells direct to companies. Results videos are snapshots of the impact of ADB's work in poverty reduction in Asia and the Pacific.
For almost half a century, ADB has been partnering with Pacific developing countries to help them grow and prosper. ADB has scaled up its assistance in the Pacific to more than $2 billion by the end of 2014 from about $500 million in 2004. The vast majority of this support goes into building infrastructure.
The Solomon Islands is leading the Pacific region in its successful reform of state-owned enterprises. An ADB report shows that in the last 5 years the government has overseen a 21% turnaround in return on equity from these enterprises.
The main strategic goal of ADB’s assistance to Solomon Islands has been to encourage pro-poor growth and private sector-led economic development by improving the business environment and, in particular, strengthening transport services.
It is now easier to register a business in many Pacific island countries following a successful pilot program in the Solomon Islands.
Solomon Islands is one of the largest countries in Melanesia, and is spread across six large islands, dozens of smaller islands, and hundreds of islets and atolls. More than 80% of Solomon Islanders live in rural villages of several hundred people, and this widely dispersed population, along with a narrow economic base, makes the provision of public services challenging.
ADB’s strategic focus on infrastructure development - including transport and ICT - private sector development, public sector management, and renewable energy, remains relevant in the context of development challenges, government priorities, and the support provided by other development partners.
0.58(2014) Population in millions
2.3%(2009-2014) Average annual population growth rate
22.7%* Population living below the national poverty line (*Preliminary/interim figure; or refers to period before 2009.)