Solomon Islands Finance Minister, Peter Boyers, says he wants urgent reforms of the regulations affecting businesses.
This comes as the World Bank says if Solomon Islands is to attract foreign investment it has to reduce the regulatory hurdles those investors will face.
The Bank has released a report saying this could generate two percent more economic growth.
Mr Boyers says this is a very strong message of hope for Solomon Islands.
He says if the Government could reduce the impediments to businesses setting up if would mean more to spend on education and health.
Mr Boyers says the land issue must also be addressed and the Government needs to undertake further planning and prioritizing of expenditure to eliminate waste.