The International Finance Corporation, or IFC, says one of the focuses of its expansion in Solomon Islands will be helping small businesses grow.
The IFC, which is the commerical arm of the World Bank, has signed a cooperation agreement with Solomon Islands government.
Under the agreement, it will establish a permanent office with a staff of four in Honiara.
An IFC spokesperson, Gavin Murray, says the organisation has already been working in Solomons for about a decade but it is now expanding its programme there.
"The Solomons obviously has had a fairly torrid time over the last decade, and we just see it as a, as the economy is growing, as the country is getting back on its feet, with the phaseout of RAMSI in the country, we just see it as a logical opportunity for us to be building our presence there and our support to the private sector."
The regional manager of the IFC in the Pacific, Gavin Murray.
