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
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.
Greater gender diversity in Solomon Islands business leadership will “deliver benefits for everyone” by boosting productivity and profitability, a local launch event for PSDI's Leadership Matters study has heard.
More than 40 government, business, and civil society representatives in Solomon Islands gathered on 14 September 2022 for a roundtable discussion on PSDI’s Leadership Matters report. (News item courtesy of Tavuli News)
Key Publications
