The Second Resilience Development Policy Operation (WB-P511758)

Countries
  • Solomon Islands
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 19, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Solomon Islands
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 4, 2026

Disclosed by Bank Oct 16, 2025

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

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the approved project aims to improve fiscal management, create the enabling environment for private sector development, and enhance resilience to climate change, natural disasters and health emergencies. The operation will help create better jobs for Solomon Islanders while also contributing to the World Bank Corporate Scorecard indicators. The reform program will contribute to sustainable growth and job creation by: (i) restoring fiscal space through updated fees, mining royalty rules, and improved public investment management to support labor-intensive infrastructure and services; (ii) expanding micro-, small, and medium enterprises (MSME) access to finance and attracting foreign direct investment (FDI) through credit reporting and investment promotion reforms, fostering entrepreneurship, youth employment, and women-led firms; and (iii) safeguarding livelihoods by reducing the economic impact of disasters and health shocks through strengthened disaster risk financing, and health policies. Pillar 1 aims to support fiscal management by reforming the tax system, improving the fiscal regime of the extractives sector, and strengthening the management of public investments. Pillar 2 seeks to improve the business environment by reducing energy costs, expanding access to credit, and promoting foreign investment. Pillar 3 supports climate and disaster resilience by strengthening building standards, improving the institutional and regulatory framework for disaster risk management, and enhancing preparedness and response in the health sector; this aligns with the government's broader objective of improving access to quality health for all and of protecting communities from climate and other external shocks.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 0.00 million

Commitment Amount: US$ 20.00 million 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Task Team Leader: Marko Kwaramba

Title: Senior Economist

Co Task Team Leader: Amina Coulibaly 

Title: Senior Economist 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works