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Sunday, June 25, 2006

SI Potential lies in its People and Natural Resources: IMF Report

The International Monetary Fund, I-M-F has said that Solomon Islands’ potential lies in its people and natural resources.

The comment is contained in a concluding statement of an IMF mission which visited Solomon Islands this month.

Releasing the statement in Honiara on Friday, Acting Minister for Finance Gordon Darcy Lilo said the government is committed to achieving the country’s potential through its focus on rural development.

The statement says that Solomon Islands must create new businesses and income generating activities to take the place of native forest industries in the economy.

The Acting Minister said that that the Government has vowed to put in place the right policies to develop industries and to remain firm on financial management.

He said the Government will shortly release an action plan that sets out how it can achieve its policy framework.

The IMF Mission visited Solomon Islands between 8 and 19 June and was hosted by the Central Bank of Solomon Islands.

The Mission met with business people, civil society, senior members of the Government, officials, donors and members of the diplomatic community.

A final report by the mission will be provided to the Solomon Islands government after it is considered by the IMF Board.

source: SIBC (

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