Review on financial inclusion underway – Solomon Islands

November 25, 2015

The Central Bank of Solomon Islands (CBSI) in partnership with the United Nations Pacific Financial Inclusion Programme (PFIP) will host a one-day  national workshop to review  the country’s’ financial Inclusion strategy and set the next medium term strategy (2016-2020) today.

It will be held at the Heritage Park Hotel.

The Solomon Islands National Financial Inclusion medium term goal and strategy (2011-2015) will end this year and the leading group responsible for overseeing this work, the National Financial Inclusion Taskforce (NFIT) is preparing to develop the next 5 year strategy along with support from current and new stakeholders, the financial sector, NGO’s, development partners and the Solomon Islands Government (SIG).

According to NFIT, this review will take stock of all the achievements made within the initial 5 years of activity and involve all participating bodies the opportunity to have broader discussion based approach over key priority areas Solomon Islands should focus on over the next medium term.

Manager for the National Financial Inclusion Unit (NFIU), Caroline Kanoko said that the national workshop aims to provide a clear indication of the current achievements but more importantly bring together the critical players which include the various government ministries plus new stakeholders.

“This is the time where we will provide the status update of current financial inclusion strategy efforts since 2011 and highlight the opportunities and great potentials that lay ahead in terms for utilizing the various financial inclusion agenda’s tailored to the pace and development of our country”, Ms. Kanoko explained

“We anticipate a good response from our partners who are invited to be part of this important review and look forward to their discussions’.

NFIU which is the secretariat arm of NFIT is expecting up to 60 plus participants for the national workshop review on Thursday morning.

Source: Solomon Star