Yesterday, the World Bank and the Asian Development Bank officially opened their office in Honiara, Solomon Islands.

Officially opened by the World Bank's Director for the Pacific Region, Nigel Roberts and the Asian Development Bank's Regional Director, Eugene Zhukov, both say that the International Banks presence "symbolizes the deepening relationship between the banks, the Solomon Islands Government and its people."

The office would be the first of its kind for the Solomon Islands and the two banks have assured their commitment to assist, as they know there would be a heightened level of interest now that they are located in country.

"This is no coincidence, we know that this would offer us an opportunity to provide effective support for the country's development," said Mr. Roberts.

He adds that by having a physical presence, they will have a better understanding of the country's needs.

He added that working with smallholder business is viable to employment in any country, "Solomon Islands have tremendous capable people and unlocking their potential would prove transitional to its economy."

Asian Development Banks Regional Director, Eugene Zhukov mentioned that, "with the ADB's presence, we will deepen cooperation with the government, the World Bank and other development partners, and improve the delivery of economic and social services."