Vila Times

Solomon Islands new PM receives support assurances from World Bank

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Solomon Islands new Prime Minister Rick Hou said he is impressed by the World Bank’s assurance to support the new Government’s development aspirations.

During a meeting with the World Bank’s Resident Representative Guido Rurangwa and International Finance Corporation Resident Representative Seva Payevskiy, Prime Minister Hou thanked World Bank for its unwavering support to the Government and people of Solomon Islands.

Rurangwa informed the Prime Minister that the World Bank is currently working closely with the Government to identify key priority areas in infrastructure, agriculture, renewable energy and water sanitation, reports Solomon Star.

He added that World Bank is also prepared to provide financial support for these sectors.

“World Bank is ready to support the new Government in the infrastructure and transport sector as well as the airfield projects,” he said.

Rurangwa said a team from their transport sector will be in the country next week to start off discussions with the Government.

IFC’s Seva Payevskiy also informed the Prime Minister that they are currently working on a new country partnership framework for Solomon Islands.

This new partnership, he said, would be focusing on priority areas for sustainable economic growth in the country.

Seva also updated the Prime Minister on a recent exercise carried out called Systematic Country Diagnosis.

This is an exercise based on the Bank’s view on the key problems in Solomon Islands and suggested solutions for the country.