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Solomon Islands Committed to Beneficial Ownership Transparency, IMF Funding Key Driver

The Solomon Islands has made significant commitments to beneficial ownership transparency in recent years, with multiple reforms aimed at increasing transparency and accountability.

Commitments to Beneficial Ownership Transparency

According to Open Ownership, a global initiative that tracks country-level commitments to beneficial ownership transparency, the Solomon Islands has pledged to implement reforms as part of its access to funds through the International Monetary Fund’s Rapid Financing Instrument.

Notable Commitment: Increased Transparency in Extractives Sector

On May 18, 2020, the Solomon Islands agreed to increase transparency in its extractives sector. As an Extractives Industry Transparency Initiative (EITI) member, the country has committed to disclosing beneficial ownership information for extractives companies operating within its borders.

Implementation of Reforms

The implementation of these reforms is ongoing, with data drawn from publicly available sources and subject to change. Open Ownership provides a comprehensive map of country-level commitments to beneficial ownership transparency, with the Solomon Islands marked as “Planned” or “Implemented” depending on the stage of reform.

Additional Information

For those interested in learning more about the Solomon Islands’ commitment to beneficial ownership transparency, additional details are provided below:

• Records last updated: April 4, 2024

Note: The data is subject to change and may not reflect the current status.