Solomon Islands and JICA sign a development loan to strengthen fiscal stability, governance and economic resilience
SOLOMON Islands has strengthened its partnership with Japan following the signing of a Development Policy Loan with the Japan International Cooperation Agency (JICA) to support fiscal stability and economic resilience.
Minister for Foreign Affairs and External Trade Hon. Rick Houenipwela signed in Tokyo, describing the agreement as a key step in advancing the Government’s reform agenda.
“This initiative supports our commitment to strengthening governance, advancing sound fiscal reforms and building a more resilient and inclusive economy,” he said.
The Foreign Minister said the partnership aligns with the Government’s four key priorities: strong institutions, a productive economy, stewardship of natural wealth and investment in people.
JICA President Akihiko Tanaka reaffirmed Japan’s support for these priorities, noting they reflect “a clear and forward-looking vision” for Solomon Islands.
“We believe this project will strengthen the institutional and fiscal foundations needed to advance these priorities and support sustainable development,” he said.
He highlighted the long-standing partnership between the two countries, with JICA supporting Solomon Islands for nearly 50 years across infrastructure, natural resource management and public investment systems.
“Japan remains a trusted partner supporting the Government’s reform efforts and development aspirations,” he added.
Minister Houenipwela welcomed the continued support, describing Japan as a reliable partner through both challenges and opportunities.
He said the agreement will further strengthen bilateral ties and deliver lasting benefits for Solomon Islanders.
Both sides expressed confidence that the partnership will contribute to a more resilient, inclusive and prosperous future for Solomon Islands.
OFFICE OF PRIME MINISTER PRESS RELEASE
