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You are here: Home / cat / Solomon Islands and World Bank Sign Six-Year Development Partnership

Solomon Islands and World Bank Sign Six-Year Development Partnership

Dated: April 30, 2026

A new six-year Country Partnership Framework between the World Bank Group and Solomon Islands aims to expand jobs and economic opportunities by improving connectivity, reducing business costs, and strengthening access to essential services. Covering FY2026 to FY2031 and aligned with national priorities, the program focuses on three main areas: improving transport and digital connectivity, expanding access to affordable and reliable energy, and strengthening economic governance to support private sector-led growth.

The initiative builds on the country’s development needs, particularly its reliance on imports and vulnerability to external shocks, by embedding crisis preparedness into all investments. A key focus is improving energy supply through projects such as the Tina River Hydropower Project, which is expected to lower costs for households and businesses while increasing reliability.

The partnership also prioritizes sectors with high employment potential, including fisheries and tourism, with planned investments to strengthen tuna processing and logistics as well as support tourism development across key provinces. Alongside infrastructure development, reforms to improve public financial management and governance will aim to ensure more efficient use of public resources, especially as the economy transitions away from logging dependence. The program will be implemented in close coordination with development partners to support long-term, inclusive growth in Solomon Islands.

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