12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Tepid Demand Slows Growth in Developing Asia

Although advanced economies have largely met expectations, developing Asia’s growth forecast for 2013 has been trimmed to 6.3% from 6.6%, according to newly released ADB data. Read More

ADB Trims Pacific 2013 Economic Outlook as Risks to Growth Emerge

The 2013 growth forecast for the Pacific has been trimmed to 5.0% on the back of lower-than-expected government capital spending in Timor-Leste, slower gold production in Solomon Islands, and lower growth prospects in Kiribati and Nauru. Read More

Overview

Economic growth in the Solomon Islands moderated but remained strong in 2012, driven by ramped up mining activity. Further moderation in growth is expected over the next 2 years as forestry resources dwindle. To offset the decline of logging, the country needs to further develop other industries and revenue sources, as well as control the growth of government expenditure.

Creating an enabling environment for sustainable economic growth remains a challenge for Solomon Islands. ADB’s transport infrastructure assistance and related capacity building are widely acknowledged as vital for rehabilitating the economy and providing access to basic services.

Fast Facts

0.55 (2012)
Population in millions

2.3% (2010-2012)
Annual population growth rate

22.7% (2006)
Population living below the national poverty line

Fact Sheet

Proposed Projects

22 Aug 2012 46014-002: Provincial Renewable Energy Project
View all proposed

Approved Projects

21 Mar 2013 46497-001: Economic and Financial Reform Program
27 Nov 2012 39581-012: Road Improvement (Sector) Project (formerly Road Improvement Program)
16 Nov 2012 46045-001: Strengthening Country Safeguard Systems in the Transport Sector
View all approved

ADB Lending

Amount ($M) / %
Sector (No. of loans)
20.22 / 22.51
Agriculture (4)
 
8.91 / 9.92
Energy (2)
 
4.00 / 4.45
Finance (2)
 
26.00 / 28.95
Public Sector (2)
 
18.53 / 20.63
Transport and ICT (4)
 
1.65 / 1.84
Water Supply (1)
 
10.50 / 11.69
Multisector (2)
 
89.81 / 100.00
TOTAL (17)
Cumulative as of 31 December 2012

Publications

Aug 2013 Climate Change Adaptation in the Pacific Coral Triangle

Aug 2013 Economics of Climate Change in the Pacific

Aug 2013 Economics of Climate Proofing at the Project Level

View all publications

News Releases

21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
16 Jul 2013 Challenge for Asia to Maintain Growth Momentum - ADB Report
27 Jun 2013 ADB Trims Pacific 2013 Economic Outlook as Risks to Growth Emerge
5 Jun 2013 ADB Supports Streamlined Customs and Excise Service in Solomon Islands
22 Apr 2013 ADB Assistance Tops $21.5 Billion in 2012
View all news releases

Development Effectiveness

January 2012
Solomon Islands: Roads/Routes to Success

ADB IN ACTION