14 Jul 2015

Solomons faces 'daunting' task of attracting investors

5:48 am on 14 July 2015

The Solomon Islands' Prime Minister says a daunting task remains ahead in opening the country up to further foreign investment, which may require painful policy decisions.

Solomon Islands Prime Minister, Manasseh Sogavare

Solomon Islands Prime Minister, Manasseh Sogavare Photo: RNZI

Manasseh Sogavare says his government has resolved to make the tough choice of adopting strategies that attract genuine investors in tourism, agriculture, fisheries, forestry and the minerals sector.

Highlighting a number of projects his six-month-old government has undertaken, Mr Sogavare says checks need to be placed on further government growth, and policies enacted to encourage private sector growth.

Mr Sogavare says the government has also undertaken a number of reform programmes in various sectors to promote sustainable tourism and other development projects in Solomon Islands.

He says with Special Economic Zone legislation coming into force later this year, the country should present as an attractive environment for investors.