2 Jul 2019

Solomons on track to revive development bank

From , 3:01 pm on 2 July 2019

The head of the Solomon Islands finance ministry says officials have gone to great lengths to create a strong development bank.

Reviving the Solomon Islands Development Bank was one of the key policies of the new government of Prime Minister Manasseh Sogavare.

A previous version of bank collapsed in controversy more than a decade ago, after civil unrest resulted in mass loan defaults.

The permanent secretary, McKinnie Dentana, says great care has been made to avoid the pitfalls of the previous bank.

He told Jamie Tahana what exactly the bank will do when it's launched later this year.

The Solomon Islands flag

The Solomon Islands flag Photo: RNZI