Prime Minister Manasseh Sogavare, during his speech at the launching of the recent National Financial Inclusion Strategy 3 said, “In the past years, the Solomon Islands Government has made significant reforms to construct an inclusive economy whereby all citizens can fully participate and benefit from economic opportunities.”
The PM went on to say
“The DCGA Government is committed in building a more equitable and inclusive economy by improving the social and economic livelihoods of all Solomon Islanders and guided by the National Development Strategy, 2016-2020 as government policy.”
“The DCGA Government remains focused in providing sufficient economic opportunities for all Solomon Islanders and enabling them to participate meaningfully in the mainstream economy.”
During his informative speech, the Prime Minister added, quote
“It is imperative that as we pursue our development aspirations, we must continue to be motivated.
“There are diverse economic prospects for our country to increase economic activities; however, our constraints have limited us from fully maximizing these economic prospects.
“Our economic growth rate has averaged 3.7% for the last 10 years and 2.4% in the recent 5 years, owing mainly to growth in Agriculture, manufacturing, forestry, wholesale and retail, and public administration sectors.
“This indicated that growth of economic activities has increased over the years but at a slow pace.
“Despite of this, most of citizens, in particular, people from the informal sector are still left out of mainstream economic activities.
“Which means that economic progress does not always translate to adequate opportunities for the low-income household and those in the rural and remote Solomon Islands and this is what the Government is committed to address.”
End of quote.
Sources: OPMC and Solomon Times Online.