Solomon Islands and ADB
In the Spotlight
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.
Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises, according to a new report by ADB.
In the Solomon Islands capital of Honiara, villagers from remote islands, many of them women, are receiving hands-on tuition to install and maintain small off-grid solar power schemes, bringing power to their communities. Some are determined to establish businesses with their new skills.
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