$5m ABD grant to support SI
Quoting the Solomon Star newspaper – 28 November 2018
“The Asian Development Bank (ADB) has approved a $5 million policy-based grant to support the efforts of the Government of Solomon Islands to implement policy and institutional reforms to progressively improve fiscal sustainability, business climate, public financial management, and service delivery.
“The Solomon Islands Improved Fiscal Sustainability Reform Program builds on previous policy-based operations of ADB and its development partners,” said ADB’s Pacific Liaison and Coordination Office Regional Director Ms. Emma Fan.
“The program will support better public sector management, leading to higher quality service delivery for the people of Solomon Islands.”
“The governments of Australia and New Zealand, the European Union and the World Bank will provide $16.4 million in cofinancing.
“There are 3 reform areas supported by the program. Policy actions under the first reform area will help improve the quality of budget systems and support legislation to establish institutions to fight corruption.”
Copyright @ 2018, Solomon Star news.