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.
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.
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.
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.)