21 Nov 2012

Solomons parliament passes bill giving AG more power to audit Central Bank

5:08 am on 21 November 2012

The Solomon Islands parliament has passed a bill which will increase oversight of the country's Central Bank.

The Central Bank Bill 2012 gives the Auditor General more power to audit the Central Bank.

The Prime Minister Gordon Darcy Lilo says the bill was important for the people of Solomon Islands

Finance Minister Rick Hou says it is critical the bank adopts and adheres to international best practices as the country integrates more with the global economy.

He says the new law will enhance the country's international reputation and build public confidence in its institutions.