Solomon Islands and ADB
In the Spotlight
With average growth in the Pacific now projected at 2.7% in 2016 and 3.3% in 2017, the lowest since the global financial and economic crisis, policies to reinvigorate and sustain economic activity need to be prioritized, according to the December 2016 issue of the Pacific Economic Monitor.
ADB and the University of the South Pacific (USP) today signed loan and grant agreements to fund construction of a new USP Honiara Campus, which will boost access to quality higher education.
Finding Balance 2016: Benchmarking the Performance of State-owned Enterprises compares the financial performance of SOEs in Fiji, Kiribati, Marshall Islands, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, and Vanuatu, as well as Jamaica and Mauritius.
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
Solomon Islands covers about 28,000 square kilometers of Melanesia. Around 85% of the population of 528,000 lives in widely dispersed villages of just a few hundred people each.
A key development challenge for the government is controlling recurrent expenditure amid modest growth in revenues. The economy is based on primary commodities, and alternative opportunities to generate income are scarce. Economic growth prospects rest on the private sector and on developments in mining, agriculture, and fishing, with some potential for tourism.
ADB’s focus on energy, information and communication technology, private sector development, public sector management, and transport remains relevant in the context of government priorities and the support provided by other development partners
Projects in Solomon Islands
No projects in this category were found.
- Solar Power Development Project
- Strengthening Solomon Islands' Maritime Safety and Establishing the Solomon Islands Maritime Safety Authority
- Sustainable Transport Infrastructure Improvement Program
- Economic Growth and Fiscal Reform Program
- Strengthening the Implementation of the National Development Strategy
Internet users in Solomon Islands, per 100 population (2014)
Population in Solomon Islands, in millions (2015)
Average annual population growth rate in Solomon Islands (2010-2015)
Maternal mortality ratio in Solomon Islands, per 100,000 live births (2015)