Wednesday, 21 May 2008 11:46 AM

Remittances from Workers Yet to Make Impact

Money sent from relatives working under short term employment contracts in New Zealand and Australia has yet to make a significant contribution to the economy.

The issue of remittance was raised during the launch of the Central Bank of Solomon Islands' 2007 annual report.

Questions were raised on whether there is any record of remittances into the country from Solomon Islanders working under short term contracts in farms in New Zealand.

The Governor of CBSI, Rick Hou told invited guests that the country has yet to see a substantial benefit from the remittance.

He added that if there is some form of remittance, it would be interesting to keep track of the benefits of such remittances from family members working overseas.