Gov’t to launch development finance assessment

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Minister of Development Planning and Aid Coordination Jeremiah Manele, right, with Dr. Luke Forau of CBSI and George Tuti of External Trade
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BY PRIESTLEY HABRU

Minister of Development Planning and Aid Coordination Jeremiah Manele, right, with Dr. Luke Forau of CBSI and George Tuti of External Trade

THE Solomon Islands Government will launch its report on development finance assessment (DFA) next month, says Minister of Development Planning and Aid Coordination. Honourable Jeremiah Manele.

He told the 10th Australia Solomon Islands Business Forum in Brisbane on Thursday that the government had initiated the DFA with UNDP and the Asia Pacific Development Effective Facility.

“The aim of DFA is to support the development of a Solomon Islands Integrated Financing Framework (SIIFF) for implementation of the Solomon Islands National Development Strategy 2016-2035 (NDS), 2030 Agenda on Sustainable Development Goals (SDGs), the Istanbul Program of Action (IPOA) commitments and other global commitments.”

Manele said SIIFF links the NDS with policies designed to mobilise and promote public and private investment that directly and indirectly advances the sectors and thematic priorities of the NDS.

“SIIFF guides the Government in mobilising and securing development cooperation and assistance of development partners, private sector and other development stakeholders.

“SIIFF provides guide for development and investments by development partners, private sector and stakeholders in areas and sectors that would bring about the desired objectives of the NDS, SDG, IPOA and other global commitments.”

The Minister says SIIFF is structured around public and private finance flows as well as the key policy and institutional structures that government use to influence them and promote investments that would advance the NDS.

“SIIFF is designed to articulate holistic approach to mobilising and investing the finance needed to realise the objectives of the NDS. It will be used by NDS Implementation Oversight Committee to manage and coordinate reforms for financing across the NDS agenda.

“SIIFF is a living document that would be reviewed periodically to assess progress in implementing the NDS and updated.”

Manele said the DFA Report and SIIFF documents will be launched early next month in Honiara.

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