Zero Tolerance to Financial Fraud in Solomon Islands

Solomon Islands and Australia have joined forces to eliminate financial fraud from their development partnership program. The goal is to ensure that aid funds are used effectively and efficiently to benefit the people of Solomon Islands, particularly the poorest members.

Commitment to Transparency and Accountability

The two governments have committed to working together to prevent and investigate any suspected fraud within the Australian aid program in Solomon Islands. They will thoroughly investigate all reported cases of fraud, prosecute perpetrators to the full extent of Solomon Islands’ laws, and recover any lost funds.

Strengthening Governance and Reform

Solomon Islands has introduced reforms to prevent and address fraud, including amendments to the Public Finance Act and strengthening procurement processes and internal audit within ministries. Australia will provide assistance to Solomon Islands agencies to fight corruption.

Zero Tolerance Approach

The zero tolerance approach to financial fraud aims to target corruption and develop tactics to promote fairness and transparency in government services. Both governments are committed to ensuring that aid funds reach those who need it most, without any diversion or misappropriation.

Quotes from Key Officials

• “We all have a responsibility to ensure the aid program is used effectively to support the priorities of our National Development Strategy, to the benefit of all Solomon Islanders.” - Hon. Connelly Sandakabatu, Minister for Development Planning and Aid Coordination
• “Any fraud against the aid program is unacceptable. Fraud hurts the poorest members of the community and undermines confidence and effectiveness in our development partnership in Solomon Islands and Australia.” - Peter Baxter, Director General of AusAID

Future Plans

The two governments plan to improve Solomon Islands’ procurement and financial systems to ensure effective disbursement of aid funds, providing maximum value for money towards improving the lives of people in Solomon Islands. With this joint statement, both countries demonstrate their commitment to transparency, accountability, and good governance in the use of development aid.