Solomon Islands Government launches rural financial services

The Solomon Islands Government is to launch a major policy initiative to expand financial services to the rural areas.

Finance Minister Gordon Darcy Lilo says improving access to secure and well-managed financial services for rural people, particularly savings and micro-credit services is a key objective of the current Government.

Mr Lilo says the government is committed to expanding financial services to rural communities in partnership with registered financial institutions in the country.

He says the initiative will help to share the cost of delivering rural financial services over a period of three years.

Mr Lilo says registered financial institutions will be invited through a public tender to submit innovative proposals for reaching rural people with sustainable financial services.

He says that the government is looking for a partnership that will provide a financial product that is sustainable.

Source: SIBC