Solomon Islands and ADB
In the Spotlight
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.
Between 2011 and 2015, about $6.1 billion of tuna was caught in the western and central Pacific.
Continuing Reforms to Stimulate Private Sector Investment: A Private Sector Assessment for Solomon Islands
While fundamental reforms have modernized the environment for doing business in the Solomon Islands, more needs to be done to improve the quality of the country’s investment climate.
Digital financial services (DFS) are effective means of enhancing financial inclusion in the Pacific but major challenges, including the establishment of reliable agent networks and the building of sufficient consumer trust still need to be addressed throughout the region.
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
- Strengthening Solomon Islands' Maritime Safety and Establishing the Solomon Islands Maritime Safety Authority
- Sustainable Transport Infrastructure Improvement Program
- Economic Growth and Fiscal Reform Program
- Solar Power Development Project
- Strengthening the Implementation of the National Development Strategy
Population in Solomon Islands, in millions (2015)
Maternal mortality ratio in Solomon Islands, per 100,000 live births (2015)
Population living below the national poverty line in Solomon Islands (Before 2010)Refers to preliminary/interim figures; or refers to periods before 2010.
Average annual population growth rate in Solomon Islands (2010-2015)