Asian Development Bank officially opens resident mission here as Solomon Islands projects reach USD$362 million
BY NED GAGAHE
The President of the Asian Development Bank (ADB), Mr Masato Kanda, yesterday officially opened ADB’s new Resident Mission in Solomon Islands, describing it as “a new beginning” in the Bank’s 53-year partnership with the country.
Speaking at the opening ceremony in Honiara, Mr Kanda said ADB’s presence in Solomon Islands dates back to 2008, but the establishment of a full Resident Mission signals a strengthened and long-term commitment.
“For more than 50 years, ADB has partnered with Solomon Islands to achieve its development goals, bringing tangible benefits to the people,” Mr Kanda said.
He said the milestone comes as ADB’s portfolio in Solomon Islands has expanded significantly to USD$362 million, making it one of the Bank’s largest in the Pacific region.
ADB-supported projects in Solomon Islands span key sectors including transport, energy, urban development, education, and public financial management reforms, including tax reform support.
Mr Kanda revealed that ADB also has a strong pipeline of nearly $200 million in new investments programmed over the coming years.
“Development does not happen from a distance. The Resident Mission moves our work closer to you. It puts ADB closer to the government and the people we serve,” he said.
He added that the strengthened presence will improve dialogue with the Government, increase responsiveness, and expand cooperation with development partners.
Mr Kanda said the Resident Mission will also support ADB’s growing focus on private sector development in the Pacific, helping create conditions for businesses to thrive and generate employment opportunities.
He welcomed newly appointed Country Director Anthony Gill, who will lead ADB operations in Solomon Islands.
“Tony will lead ADB operations in Solomon Islands and, with his team, will build on our 53-year strong partnership,” Mr Kanda said.
Mr Kanda highlighted major ongoing projects, including the Tina River Hydropower Project, which aims to secure clean and reliable energy for Honiara, and ADB’s support to the Honiara campus of the University of the South Pacific, designed to expand access to quality education and empower young Solomon Islanders.
“Our goal is clear: to make life better for Solomon Islanders,” he said.
Mr Kanda concluded by calling for collective effort to build a Solomon Islands that is more connected, resilient, and prosperous – not only for today, but for future generations.
For feedback, contact: [email protected]
Editor: [email protected]
