Solomon Islands and ADB
In the Spotlight
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Slower growth in Solomon Islands is expected in 2018 and 2019, says a new ADB report.
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