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:
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Develop a secured transactions framework, including the development of an electronic registry and providing ongoing support to lenders;
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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;
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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;
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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;
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Strengthening state-owned enterprise policy, performance, governance, and transparency;
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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;
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Supporting tourism sector development, including support for improvements to the enabling environment for tourism and sustainable tourism planning. and
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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
12,000 securities registered
Online registry launched
264% increase
New SOE Ownership Policy
Gender Inclusive Private Sector Assessment
Locally-led sustainable tourism destination planning
Latest News
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.
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.
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).
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.
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.
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.
Key Publications
