Solomon Islands and ADB
In the Spotlight
Solomon Islands’ new, commercially oriented state-owned enterprise (SOE) policy will help ensure the government’s public investments remain efficient and profitable, says ADB.
ADB is scaling up its assistance in the Pacific, with our active portfolio growing from $500 million in 2004 to $2.6 billion at the end of 2017.
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
- Implementing a Differentiated Approach to Urban Development in the Pacific
- Preparing the Urban Water Supply and Sanitation Sector Project
- Improved Fiscal Sustainability Reform Program
- Towards Effective and Sustainable Delivery of Development Results in Fragile Situations in the Pacific
- Asian Development Outlook 2019–2021