In 2016, the Government of the Solomon Islands approved the National Development Strategy 2016–2035 (NDS). The NDS aims to improve the social and economic livelihoods of all Solomon Islanders, with five headline objectives and 15 medium-term strategies.
The successful implementation of the NDS requires policies, partnerships and an enabling environment to help mobilise public and private finance. The government therefore initiated a DFA, which, in turn, formed the basis for the Solomon Islands Integrated Financing Framework (SIIFF). The SIIF is an integrated, holistic framework for financing the NDS. It links the aspirations of the NDS to the government policies and operations that will mobilise the necessary financing.
The SIFF will play an important role in supporting the country’s smooth transition from Least Developed Country (LDC) to the Middle Income Country (MIC) status, a process that presents its own unique financing challenges.