Australia has announced its ongoing commitment to supporting the Solomon Islands Government by providing AUD 4 million (approximately SBD 21.6 million) in funding to bolster its 2024 Budget this week.
The funding, delivered in collaboration with the Ministry of Finance and Treasury, aims to support the Solomon Islands Government in addressing key priorities areas such as health, education, and the upcoming 2024 elections.
Acting High Commissioner Andrew Schloeffel engaged in discussions with Caretaker Finance Minister Harry Kuma on Yesterday (Friday) following the successful transfer of funds to the Solomon Islands Government.
This development came in the wake of a formal financial arrangement signing ceremony, officiated by Australian High Commissioner His Excellency Rod Hilton and Permanent Secretary for the Ministry of Finance and Treasury, McKinnie Dentana.
Australian High Commissioner His Excellency Rod Hilton and Permanent Secretary for the Ministry of Finance and Treasury McKinnie Dentana sign the financial arrangement.
This AUD 4 million injection is an additional contribution to Australia’s existing commitment of AUD 25 million earmarked for budget support specifically allocated for the 2024 elections.
Australia’s collaborative efforts extend beyond financial support, as the country actively works in partnership with the Solomon Islands and other donors through the Joint Policy Reform Group (JPRG).
The JPRG, led by the Solomon Islands Government, serves as a platform for policy dialogue on economic and fiscal reforms, facilitating coordination among development partners to provide crucial budgetary support.
This latest commitment underscores the strong partnership between Australia and the Solomon Islands, emphasizing a shared commitment to fostering sustainable development and addressing the immediate needs of the Solomon Islands Government.
The financial assistance will play a pivotal role in ensuring the successful implementation of key initiatives outlined in the 2024 Budget.
Source: Australian High Commission
