Supporting Fiscal and Economic Recovery Program (Subprogram 2)

Active

The Supporting Fiscal and Economic Recovery Program for the Solomon Islands, proposed by the Asian Development Bank (ADB), aims to enhance economic and fiscal resilience post-COVID-19. Subprogram 2 builds on previous reforms and introduces new measures to increase domestic revenue, strengthen public financial management, improve the business environment, and build climate change resilience. Key initiatives include comprehensive tax reforms, a Large Taxpayer Office, a modern electronic payments system, and climate policies. Developed with international partners, the program aims to create a resilient economic foundation by addressing critical fiscal, economic, and environmental challenges through sustainable reforms.