BY NED GAGAHE
The President of the Asian Development Bank (ADB), Masato Kanda, has reaffirmed the bank’s strong commitment to support Solomon Islands’ development priorities during his official visit to Honiara this week.
Mr Kanda met with Prime Minister Jeremiah Manele to discuss deepening cooperation, particularly in strengthening public financial management and delivering transformative infrastructure projects.
“ADB supports Solomon Islands’ vision for sustainable and inclusive economic growth, driven by a vibrant private sector.
“We are committed to working with the government on transformative projects in critical sectors, including energy, infrastructure, and human capital development,” Kanda said.
ADB’s current project portfolio in Solomon Islands stands at approximately USD$360 million, making it one of the bank’s largest engagements in the Pacific region.
Key investments include the landmark Tina River Hydropower Project, a 15-megawatt facility under construction that is expected to supply around 70 percent of Honiara’s electricity needs once completed.
During his visit, Kanda toured the project site to observe progress. ADB’s support to the multi-donor financed project includes a $18 million concessional loan from its ordinary capital resources and a $12 million grant from the Asian Development Fund.
The project is regarded as crucial for economic growth and the delivery of affordable, clean energy, while also reducing the country’s reliance on imported diesel fuel.
In a major milestone for the partnership, Kanda officially opened ADB’s new full resident mission in Solomon Islands, upgrading the country office first established in 2008.
The move increases ADB’s in-country presence and brings the institution closer to the government and people of Solomon Islands.
Prime Minister Manele welcomed the strengthened partnership, noting the importance of continued collaboration in advancing national development goals.
Kanda also visited the newly completed Honiara campus of the University of the South Pacific, financed by ADB to expand and modernise facilities.
The upgraded campus features improved learning spaces, new equipment, and clean energy installations. Kanda met with students and staff, emphasising the importance of investing in youth and human capital development.
ADB, founded in 1966, is owned by 69 members, including 50 from the Asia-Pacific region. The bank continues to support inclusive, resilient, and sustainable growth across its developing member countries through financing, technical assistance, and strategic partnerships.
The visit underscores the growing partnership between Solomon Islands and ADB as the country pursues sustainable development and economic transformation.
Photo: Press Secretariat, OPMC
For feedback, contact: [email protected]
Editor: [email protected]
