Australia provides a further SBD100 million budget support package to strengthen Solomon Islands’ economic stability and government reforms.

Australia has provided a further SBD100 million package of budget support to Solomon Islands, helping the GREAT Government to strengthen economic stability, enhance public financial management and deliver on its policy priorities. 

This follows a SBD100 million contribution delivered in June this year.

Solomon Islands Minister for Finance, Rexon Ramofafia and Australian High Commissioner Jeff Roach recently signed a financing agreement to formalise the contribution. 

The signing event celebrated the long-standing partnership between the Solomon Islands and Australia and was attended by Minister for Mines, Energy & Rural Electrification, Derrick Rawcliff Manu’ari, and Minister for National Planning and Development Coordination, Peter Kenilorea Junior.

Rexon Ramofafia welcomed Australia’s ongoing support. 

“Australia’s partnership and this significant budget support will help Solomon Islands continue delivering services to our people and advancing our national development priorities,” said Minister Ramofafia.

High Commissioner Roach said the funding reflects Australia’s commitment to standing alongside Solomon Islands as a trusted partner. 

“This SBD 100 million budget support package demonstrates Australia’s enduring commitment to Solomon Islands and to our shared vision for a stable, prosperous and resilient Pacific region.”

“Through this contribution, Australia is supporting the Solomon Islands Government to deliver on its priorities, such as the delivery of essential services, and creating opportunities for long-term economic growth and development.”

High Commissioner Roach said that as Solomon Islands’ largest development partner, Australia remains committed to supporting good governance, stronger public finances and improved livelihoods across the country. 

This includes supporting the GREAT Government’s ambitious reform agenda, in areas such as boosting revenue collection, strengthening accountability, and the development of new grant regulations that will strengthen oversight of government grant management. 

These reforms will help ensure public resources are used effectively to deliver positive outcomes for Solomon Islanders.

SOURCE // Australian High Commission Solomon Islands