BY JOSES SAREN
Solomon Islands and Japan signed an Exchange of Notes for a Development Policy Loan valued at 3 billion Japanese Yen (approximately SBD150 million) yesterday in Honiara, to strengthen the country’s fiscal and economic resilience.
The signing ceremony was officiated by Ministry of Foreign Affairs and External Trade (MFAET) Minister Rick Houenipwela and Japan’s Ambassador to Solomon Islands, His Excellency Higuchi Keiichi, a statement by MFAET yesterday said.
The loan comes at a critical time as Solomon Islands works to strengthen its fiscal position and build a more resilient economy.
The financing will support the Government’s efforts to implement key economic and policy reforms, strengthen public financial management, and promote sustainable and inclusive economic growth, the MFAET statement said.
Houenipwela expressed the Government and people’s sincere appreciation to Japan for its 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,” he said.
He acknowledged Japan’s continued support through development cooperation, technical assistance and policy dialogue, and thanked officials from both governments whose dedication made the Exchange of Notes possible.
Houenipwela said engagements of this nature play an important role in strengthening mutual trust and confidence between the two countries.
The minister said he looks forward to the continuous growth of the partnership in the years ahead.
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