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Financial Inclusion and Crime Prevention in Solomon Islands: UNCDF Takes the Lead
The United Nations Capital Development Fund (UNCDF) has been working tirelessly to promote financial inclusion and prevent financial crime in Solomon Islands since 1982. The organization’s efforts have focused on improving governance and service delivery through fiscal decentralization and increased local investment capacity, bridging funding and service gaps in provincial areas.
Pacific Digital Economy Programme
As part of its efforts to reduce poverty and support local economic development, UNCDF is currently implementing the Pacific Digital Economy Programme (PDEP) in collaboration with the United Nations Development Programme (UNDP) and the United Nations Conference on Trade and Development (UNCTAD). The programme aims to develop inclusive digital economies in Fiji, Tonga, Samoa, Vanuatu, and Solomon Islands.
Objectives of PDEP
The PDEP is designed to:
- Enhance market participation by rural communities, women, micro, small and medium-sized enterprises (MSMEs), and seasonal workers
- Reduce poverty
- Improve livelihoods
- Foster economic growth
Inclusive Digital Economy Scorecard (IDES)
Solomon Islands was one of four countries to adopt the Inclusive Digital Economy Scorecard (IDES) in 2020, alongside Burkina Faso, Nepal, and Uganda. IDES is a policy tool developed by UNCDF to help governments prioritize their digital transformation efforts.
Key Features of IDES
The scorecard identifies key market constraints hindering the development of an inclusive digital economy and sets priorities with public and private stakeholders to foster a digital economy that leaves no one behind.
Local Climate Adaptive Living Facility (LoCAL) Programme
In addition, UNCDF’s LoCAL programme is helping the Government of Solomon Islands channel global climate adaptation financing to the local level and cope with the increased cost of building resilience against climate change and natural disasters.