Solomon Islands

In Solomon Islands, PSDI is supporting reforms that address ongoing constraints to business activity and investment, and promote inclusive, sustainable private-sector growth. 

Solomon Islands has actively sought and implemented reform initiatives with significant support from PSDI. We have worked with the Government of Solomon Islands to: 

  • Develop a secured transactions framework, including the development of an electronic registry and providing ongoing support to lenders;

  • Support the Central Bank of Solomon Islands and the Ministry of Finance and Treasury in the preparation of a new credit union legislation;

  • Support the Solomon Islands National Provident Fund and increase its ability to become a long-term provider of domestic finance;
  • Modernize business laws and registration processes, including: assisting in the development of a new Companies Act and the launching of an online companies registry; supporting the introduction of a community company structure; simplifying the business name registration process; and assisting in the creation of a modernized customs and excise regime;

  • Strengthen competition and consumer protection, through the development of a competition policy, providing support for a Competition Bill, and providing capacity building support to the Ministry of Finance's Competition and Consumer Advisory Group;

  • Strengthening state-owned enterprise policy, performance, governance, and transparency;

  • Promoting women’s economic empowerment, including through measuring women's representation in business leadership and designing programs to support its increase, and providing a gender-lens review to key legislation; 

  • Supporting tourism sector development, including support for improvements to the enabling environment for tourism and sustainable tourism planning. and

  • Supporting reform through advocacy and analysis, including completing a private sector assessment for Solomon Islands in 2016. 

For detailed information on PSDI activities in Solomon Islands, download the 2024 PSDI Country Overview for Solomon Islands here.

Solomon Islands at a glance

Secured transaction framework

PSDI supported the enactment of the Secured Transactions Bill in 2008, and the implementation of an electronic registry in 2009.

12,000 securities registered

As of mid-2024, more than 12,000 security interests over movable assets to be used as collateral for loans have been registered in Solomon Islands using the PSDI-supported secured transactions framework.

Online registry launched

PSDI assistance and extended advocacy saw the Companies Act passed in 2010 and an online company registry, Company Haus, launched.

264% increase

in new company registrations and a 44-day reduction in the time needed to register a new company, after PSDI supported the launch of the Company Haus online company registry.

New SOE Ownership Policy

endorsed by Cabinet in November 2018 to help ensure Solomon Islands’ SOEs remain among the best performing in the Pacific.

Gender Inclusive Private Sector Assessment

published by PSDI that measures and recommends improvements to the gender inclusivity of the private sector in Solomon Islands.

Locally-led sustainable tourism destination planning

supported in the remote Greater Arnavons region of Solomon Islands.
Latest News
23 June 2025
Solomon Islands Women State-Owned Enterprise Directors Development Pilot Program

Through the Solomon Islands-Australia Partnership for Governance, PSDI and the Government of Australia supported women leaders from Solomon Islands to complete the inaugural Solomon Islands SOE Directors Development Pilot Program.

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19 May 2025
First cohort of Solomon Islands women complete pilot state owned enterprise directors development program

Australia, through the Solomon Islands – Australia Partnership supported a group of Solomon Islands women leaders to complete the inaugural Solomon Islands Women SOE Directors Development Pilot Program in Port Moresby, Papua New Guinea.

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18 October 2024
Women in Business Leadership report Launched in Solomon Islands

The proportion of women in business leadership in Solomon Islands has seen a significant increase, according to speakers at an event held in Honiara last night to mark the launch of a new report from the Asian Development Bank’s (ADB’s) Pacific Private Sector Development Initiative (PSDI).

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12 October 2023
Gender Inclusive Private Sector Enabling Environment Framework “absolutely critical and timely”—Solomon Islands

A group of nearly 30 representatives from government and civil society gathered in Honiara, Solomon Islands on Friday 6 October for a workshop to review and validate the PSDI gender-inclusive private sector enabling environment framework assessment for Solomon Islands.

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26 July 2023
More women in Solomon Islands business leadership can benefit all—PSDI Leadership Matters roundtable

More than 40 Solomon Islands government, business, and civil society representatives convened in Honiara in September 2022 for a roundtable discussion of PSDI's Leadership Matters report. Watch the video.

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12 May 2023
Solomon Islands leads the Pacific on SOE profitability — ADB report

Solomon Islands’ robust legal framework for SOEs has helped generate the highest portfolio returns among nine Pacific island countries, a new ADB PSDI report says.

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Key Publications
Structuring for Success: Models of State-Owned Enterprise Ownership
Structuring for Success: Models of State-Owned Enterprise Ow...
This policy brief argues that defining and separating the various roles of governments can improve governance, reduce fiscal risks, and enable state-owned enterprises to operate with the commercial discipline they require.
PSDI Annual Report FY2024
PSDI Annual Report FY2024
This annual report outlines how the Pacific Private Sector Development Initiative supported the enabling environment for business and helped foster inclusive private sector-led economic growth in the Pacific during FY2024 (1 July 2023 - 30 June 2024).
PSDI Country Overviews 2024-2025
PSDI Country Overviews 2024-2025
These fact sheets provide an overview of PSDI activities in each country to 2025.

PSDI Annual Report FY2023
PSDI Annual Report FY2023
This report gives an overview of PSDI activities from 1 July 2022 to 30 June 2023.
Leadership Matters 2024: Benchmarking Women in Business Leadership in the Pacific
Leadership Matters 2024: Benchmarking Women in Business Lead...
This is the second edition of the Leadership Matters series, which collects and analyzes data on women’s representation on boards and in senior management in 14 Pacific countries.
Unlocking Potential: A Gender Inclusive Private Sector Framework for the Pacific Report and Country Assessments
Unlocking Potential: A Gender Inclusive Private Sector Frame...
The Gender Inclusive Private Sector Framework serves as a practical checklist for Pacific governments and institutions to measure progress and identify areas where further improvements are needed.