Solomon Islands to get $2.8 million to help more than 4000 peopleStaff Writer | April 19, 2018
The World Bank, acting as administrator of funds from the Japan Social Development Fund, signed a grant agreement with the Solomon Islands Government for a $2.8 million, Community Benefit Sharing Pilot Project.
Help Establishment of a new community development fund
Land tenure and ownership remain complex issues in Solomon Islands, where approximately 87 percent of land is under customary land ownership, which can be a challenge for the development of large-scale infrastructure.
This new project seeks to address this through the development of a pilot mechanism for enhancing benefits for local communities hosting infrastructure projects.
This pilot will align with the planned Tina River Hydropower Development Project – a high priority investment for the Solomon Islands Government that aims to reduce the cost of electricity while increasing its reliability and availability. ■