September 23, 2015
The Central Bank of Solomon Islands and partners have last night officially launched the “Solomon Islands Financial Services Demand Side Survey report, an initiative of the Central Bank of Solomon Islands.
The Australian High Commissioner to Solomon Islands, His Excellency Andrew Byan, Executive Secretary of the United Nations Capital Development Fund (UNCDF) Judith Karl, CBSI Governor Denton Rarawa and Eliki Boletawa, Head of Policy and Regional Initiatives of Alliance for Financial Inclusion jointly launched the report before the 5th Pacific Micro-finance week participants.
Meanwhile, UNCDF Executive Secretary Judith Karl described the report as very useful.
“I think the survey is very useful in identifying who is using financial services and who does have access to formal financial services and who does not and what some of those access problems are, so the survey has identified certain populations like women in Solomon Islands who have a significantly lower financial access to formal financial services than men.”
She adds, the report points to certain solutions that could be addressed collectively, indicating financial literacy and financial
education are very important components – assisting households understand what banking services can provide.
“And it also indicates that financial literacy and financial education are very important components of helping poor households to understand what banking services can provide.”