Solomon Islands and ADB
In the Spotlight
Upgrades to Ringgi Wharf on Kolombangara Island, Keru Wharf on Keru Island, Ngasini Wharf on Vangunu Island and Susabona and Tatamba Wharves in Santa Isabel have been successfully completed ahead of schedule and under budget in the second phase of the Domestic Maritime Support Project in Solomon Islands.
ADB-wide sovereign approvals in the Pacific has risen substantially since 2010, reaching almost $1.8 billion in 2013. ADB is assessing and updating the Pacific Approach, which will continue to guide its operations in the region.
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor.
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 a sprawling country comprising six large islands, dozens of smaller islands, and hundreds of islets and atolls. More than 80% of the population of 553,000 is rural and lives in widely dispersed villages of several hundred people. These factors, along with a narrow economic base, make 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.
0.57(2013) Population in millions
2.3%(2008-2013) Average annual population growth rate
22.7%(2006) Population living below the national poverty line