Solomon Islands FY22 Supplemental Development Policy Operation

closed

Closed

The development objectives and pillars of the FY22 Supplemental Development Policy Operation in Solomon Islands are: (1) to strengthen fiscal management in the areas of debt management, cash management and procurement; (2) to strengthen the business environment through simplifying tax processes, fighting corruption and supporting more efficient payments systems; and (3) to improve environmental sustainability by strengthening national planning for climate change and reducing plastic pollution. There are eight results indicators. Results Indicator 1: (i) Government debt operations comply with the Annual Borrowing Limit (ABL); and (ii) the share of domestic debt in total central government debt has increased. Results Indicator 2: Reduced accumulation of expenditure arrears. Results Indicator 3: (i) Improved transparency in public procurement, contract award notices being published online in accordance with the Regulations; and (ii) competition is improved. Results Indicator 4: Tax administration is made more efficient, as measured by: (i) a greater share of large taxpayers filing tax returns online via e-tax; (ii) an increase in the on-time filing rate for large taxpayers; and (iii) a reduction in tax debt for the large taxpayer segment. Results Indicator 5: The Solomon Islands Independent Commission Against Corruption (SIICAC) is reporting transparently on its activities, as measured by the tabling of its annual report in Parliament in accordance with the Anti-corruption Act. Results Indicator 6: Female representation in anti-corruption efforts is increased, as measured by the share of female SIICAC Commissioners. Results Indicator 7: The efficiency of payment systems is improved, as measured by (i) an increased share of electronic payments in total payments cleared and settled by commercial banks; and (ii) a reduction in bank transaction fees for the Ministry of Finance and Treasury. Results Indicator 8: Planning for climate adaptation has improved, as measured by (i) an increase in the number of communities covered by Integrated Vulnerability and Adaptation Assessments; and (ii) the incorporation of gender analysis in all new assessments. Lastly, Results Indicator 9: The consumption of single use plastic products has decreased, as measured by a reduction in the volume of imported polyethylene plastic bags.

World Bank Group

Project

Chemical (Industrial), Manufacturing (Industrial), Commercial, Government