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Government Priorities for 2022: Improving Business Environment, Good Governance, and Productive Sector Development

The government of Solomon Islands has outlined its priorities for 2022, focusing on improving the business environment, promoting good governance, and developing the productive sector. These initiatives aim to stimulate economic growth and reduce poverty in the country.

Improving Business Environment

To attract more investors and create a favorable business climate, the government plans to:

  • Establish a one-stop shop or centralized platform for investors to acquire approval for investment.
  • Pursue land reform to ease the process of acquiring land for investment.
  • Formalize and implement partnership arrangements between the government and private sector partners (PPP).
  • Improve access to finance by developing a mechanism for willing and genuine borrowers to easily access finance.

Good Governance

The government is committed to promoting good governance through:

  • Developing robust legislations and legal infrastructures and policies to support good governance.
  • Tackling corruption by establishing and resourcing the Solomon Islands Corruption Commission.
  • Reviewing and amending legislations and developing regulations and governance frameworks to tackle corruption.

Productive Sector Development

To drive economic growth and development, the government plans to:

  • Invest in infrastructure and communication to support socio-economic development.
  • Promote primary production to create employment, entrepreneurship opportunities for youth and women, and improve food security.
  • Encourage value adding to improve the quality of food security and encourage new MSMEs to pay taxes to SIG and MIS.
  • Support and diversify the export base to increase production of exportable goods and facilitate access to finance.

Ministry of Agriculture and Livestock

The Ministry of Agriculture and Livestock will focus on:

  • Developing commercial agriculture to boost crop exports.
  • Developing the livestock industry and strengthening its contribution to the economy.

Overall, the government’s priorities for 2022 aim to create a conducive business environment, promote good governance, and develop the productive sector to stimulate economic growth and reduce poverty in Solomon Islands.