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WORLD BANK
Friday, June 25, 2010 6:55 AM
BY THE WORLD BANK: PRESS RELEASE
Press Release - Washington DC- June 24, 2010 - The World Bank Group today welcomed its newest member, Tuvalu.
The Pacific Island country became the latest member of the World Bank Group when Finance Minister Lotoala Metia signed the Articles of Agreement of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) - the two institutions that make up the World Bank. With a population of just over 12,000 and a total land area of 26 square kilometers, Tuvalu is the world's fourth smallest nation and the World Bank Group's smallest member. The country faces significant development challenges. As the world's second...
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Category:
Regional
Thursday, May 06, 2010 10:43 AM
BY THE WORLD BANK: PRESS RELEASE
WASHINGTON, 4 May, 2010-The World Bank today approved an additional US$3 million in financing for the Samoa Health Sector Management Program (HSMP) Support Project.
The funds will assist the Government of Samoa in rebuilding the health sector following last year's tsunami and increase access to quality health services for Samoans. Samoa's health sector was hit hard by the tsunami last September with the total recovery bill estimated at US$7.4 million. The additional financing will ensure that access to basic health services is maintained for Samoans during the restoration process. The priority is on enhancing communicable disease control efforts, delivering specialist health services to relocated populations, and disaster risk mitigation...
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Category:
Regional
Friday, April 09, 2010 8:47 AM
The World Bank is calling for careful fiscal management from the Solomon Islands government as a decline in logging continues to impact on government revenues and foreign exchange receipts.
A report on the banks' review of economies in the East Asian and Pacific region says, as a result of the Global Financial Crisis and declining log prices, the Solomon Islands' economy contracted by two-point-three percent in 2009. Presenting findings of the review to local journalists in Honiara yesterday, the World Bank's Economics and Governance specialist in Solomon Islands, Tobias Hague said per capita income had declined in 2009. However, he said the economy is expected to grow to around 3.5% due to strong commodity prices and wider recovery of the entire East Asia...
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Category:
Economy
Monday, March 22, 2010 2:34 PM
The Solomon Islands and the World Bank have signed an agreement paving the way to kick-start the Tina River Hydropower Project.
The Minister of Finance, Hon. Snyder Rini and the Country Manager of the World Bank Edith Bowles, signed the agreement at the World Bank Office in Honiara last week. Finance Minister Mr Rini says the hydropower project aims to provide low cost and reliable energy to Honiara and Gudalcanal and is one of the Government's policy priorities. Mr Rini says the agreement takes the Government closer to the reality of achieving this policy. The seven-point five million dollars grant will help to establish and support a project management office by funding staffing...
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Category:
Economy
Tuesday, September 15, 2009 5:46 AM
BY THE WORLD BANK: PRESS RELEASE
Washington, D.C., September 9, 2009-In a record year for regulatory reform worldwide, most economies in East Asia and the Pacific strengthened business regulations, making them more efficient to help increase opportunities for local firms.
The Pacific island economies continued to pick up the pace of reform. Timor-Leste, Papua New Guinea, Tonga, Vanuatu, and Samoa reformed in areas including paying taxes, enforcing contracts, getting credit and starting a business. Three economies from the region-in order, Singapore, New Zealand, and Hong Kong (China)-led the world in ease of doing business. Between June 2008 and May 2009 a record 131 of 183 economies around the globe reformed business regulation, according to Doing Business 2010: Reforming through Difficult Times, the seventh in a series of annual reports published...
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Category:
Regional
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Friday, September 11, 2009 3:01 PM
Solomon Islands economic performance has dropped ten places in the latest assessment by the International Finance Corporation of the world Bank
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Friday, August 07, 2009 8:49 AM
The Solomon Islands Energy Project (SISEP), which aims to assist the Solomon Islands Energy Agency (SIEA) in improving the supply and reliability of electricity to Solomon Islanders, has been making significant progress
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Monday, March 09, 2009 8:40 AM
A team from the World Bank Group is currently visiting Solomon Islands to discuss potential sources of economic growth for the country
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Wednesday, December 03, 2008 5:35 AM
AUCKLAND, December 1, 2008- Today Westpac New Zealand have lowered their remittance transaction fees in a move which will financially benefit many Pacific Islanders. This is great news for Pacific countries, many of whom depend heavily on remittances as a primary source of income
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Friday, November 21, 2008 10:27 AM
IFC, a member of the World Bank Group, is helping the government of the Solomon Islands plan reforms to attract investment and reduce the cost of starting a business, which could help create jobs in the country.
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Wednesday, November 19, 2008 10:09 AM
If the current rate of harvest continues conservative estimates say that forests of commercial value in the Solomon Islands will deplete within the next 10 years
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Wednesday, November 12, 2008 9:34 AM
A team from the World Bank and International Finance Corporation (IFC) is currently visiting Solomon Islands.
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Tuesday, November 11, 2008 12:56 PM
Yesterday, the World Bank and the Asian Development Bank officially opened their office in Honiara, Solomon Islands.
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Tuesday, February 26, 2008 7:41 AM
The World Bank's Vice President for East Asia and the Pacific region, Mr. James W Adams, is in the country along with two senior representatives
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Monday, January 28, 2008 5:48 PM
PNG has been named by the World Bank as one of the hardest countries in the world to do business in
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