Japan provides a ¥3 billion loan to strengthen Solomon Islands’ fiscal resilience and economic reform efforts
The Governments of Solomon Islands and Japan today signed an Exchange of Notes for a Development Policy Loan valued at 3 billion Japanese Yen (approximately SBD150 million) to support the strengthening of Solomon Islands’ fiscal and economic resilience.
The signing ceremony was officiated by the Minister of Foreign Affairs and External Trade, Hon. Rick Houenipwela and Japan’s Ambassador to Solomon Islands, His Excellency Higuchi Keiichi in Honiara.
Speaking at the ceremony, Minister Houenipwela expressed the Government and people’s sincere appreciation to the Government and people of Japan for their continued friendship and longstanding commitment to Solomon Islands’ development.
“Japan has been a trusted and valued development partner, and today’s signing is another testament to the strong partnership our two countries have built over the years,” Minister Houenipwela said.
The Minister noted that the Development Policy Loan comes at a critical time as Solomon Islands continues to strengthen its fiscal position and build a more resilient economy.
He said the financing will support the Government’s ongoing efforts to implement key economic and policy reforms, strengthen public financial management, and promote sustainable and inclusive economic growth.
Minister Houenipwela acknowledged Japan’s continued support through development cooperation, technical assistance and policy dialogue, all of which have made a significant contribution to the country’s national development.
The Minister also thanked officials from both Governments whose dedication and close collaboration made the Exchange of Notes possible.
He concluded by reaffirming Solomon Islands’ appreciation for Japan’s generous assistance and expressed confidence that the enduring partnership between the two countries will continue to grow in the years ahead.
He further welcomed the signing and noted that engagements of this nature play an important role in strengthening mutual trust, confidence, and the enduring friendship between Solomon Islands and Japan.
PRESS RELEASE
