The First Solomon Islands Transition to Sustainable Growth Development Policy Operation

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The development objectives of First Solomon Islands Transition to Sustainable Growth Development Policy Operation for Solomon Islands are: strengthening fiscal management in the areas of debt management, cash management and budget management; and ii) strengthening the business environment through simplifying tax processes, fighting corruption and supporting more efficient payments systems. The first pillar of the operation to strengthen fiscal management is closely aligned to the inclusive economic growth and governance objectives of the National Development Strategy (NDS). Similarly, the second pillar of the operation to strengthen the business environment is also closely aligned with the inclusive economic growth objective of the NDS. The reforms under the first pillar on fiscal management are focused on strengthening debt management to promote debt sustainability, improving cash management to mitigate cashflow‐related risks, and strengthening budget management to improve fiscal discipline, budget credibility and allocative efficiency. The reforms under the second pillar on strengthening the business environment are focused on the introduction of a fairer and more efficient tax administration framework; promoting an even playing field for the private sector through the introduction of anti‐corruption legislation; and improving the efficiency of the national payments system.

World Bank Group

Project

Government