Strengthening Financial Inclusion (ADB-46508-001)

Countries
  • Solomon Islands
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 24, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Solomon Islands, Central Bank of Solomon Islands
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 30, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to ADB website, the Government of Solomon Islands requested ADB for technical assistance to improve access to and suitability of financial services to promote economic opportunities in rural areas. The TA will (i) increase the availability of suitable financial services and lessen financing constraints for selected smallholder farmers and small rural businesses, (ii) promote financial literacy and capacity, and (iii) safeguard consumer interests in branchless banking. ADB approved a technical assistance in the amount of $660,000 with a $400,000 contribution from the Financial Sector Development Partnership Special Fund in September 2014. According to ADB documents, the safeguard categorization for this project is not applicable.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Warid, Liliana Sera Pacific Department No contact information provided at the time of disclosure ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main