Solomon Islands and Japan signs Exchange of Notes for SBD150 million development policy loan

“Japan has been a trusted and valued development partner, and today’s signing is another testament to the strong partnership our two countries have built over the years,” Minister Houenipwela said.

The Minister noted that the Development Policy Loan comes at a critical time as Solomon Islands continues to strengthen its fiscal position and build a more resilient economy.

He said the financing will support the Government’s ongoing efforts to implement key economic and policy reforms, strengthen public financial management, and promote sustainable and inclusive economic growth.

Minister Houenipwela acknowledged Japan’s continued support through development cooperation, technical assistance and policy dialogue, all of which have made a significant contribution to the country’s national development.

The Minister also thanked officials from both Governments whose dedication and close collaboration made the Exchange of Notes possible.

He concluded by reaffirming Solomon Islands’ appreciation for Japan’s generous assistance and expressed confidence that the enduring partnership between the two countries will continue to grow in the years ahead.

He further welcomed the signing and noted that engagements of this nature play an important role in strengthening mutual trust, confidence, and the enduring friendship between Solomon Islands and Japan.

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MFAET statement