24 Nov 2003

ADB signs new poverty alleviation deal with Solomon Islands

4:31 pm on 24 November 2003

The Asian Development Bank has signed a new poverty alleviation agreement with the Solomon Islands government.

The Poverty Partnership will draw on the Solomon Islands National Economic Recovery, Reform and Development Plan for 2003-2006 that was presented to international donors last week.

The agreement with the ADB reflects the new willingness of international donors to re-engage with Solomon Islands, after the country was wracked by ethnic fighting in the wake of a coup in June 2000.

The agreement comes as the European Union announced assistance of up to 100-million US dollars could be made available to the Solomons for approved projects.