BY LORETTA BRIGIDIA MANELE
THE Asian Development Bank (ADB) is planning to support Solomon Islands Tina River Hydro Development project.
According to an ADB report, the project will generate electricity from renewable sources and provide more affordable and reliable options to Honiara.
ADB also stated that it will support government-led public sector management reforms with policy-based programmes to manage financial and economic risks in Solomon Islands.
“A policy-based programme is included in the 2018 program. Technical assistance is proposed to provide the basis for an urban economic development project in 2018,” said ADB.
The report expressed that ADB works closely with various government departments on development strategy, transport infrastructure, private sector development, promotion of renewable energy sources, and public finance management reforms and macroeconomics.
Back in 2008 as mentioned, ADB and the World Bank established a development coordination office in Honiara to strengthen partnerships with the government and liaison with other stakeholders.
In 2016, ADB further strengthened it’s presence in Solomon Islands by upgrading the office to an extended mission.
ADB’s country programme in Solomon Islands is closely coordinated with other development partners including Australian and New Zealand governments, European Union (EU) and World Bank.
“ADB partners with the Government of Australia, the European Union, and New Zealand on project financing,” said ADB.