Solomon Islands has strengthened its partnership with Japan after signing a Development Policy Loan agreement with the Japan International Cooperation Agency (JICA) aimed at supporting fiscal stability, governance reforms and long-term economic resilience.
The agreement was signed in Tokyo by Minister for Foreign Affairs and External Trade Rick Houenipwela, who described the financing as an important step in advancing the government's reform agenda.
"This initiative supports our commitment to strengthening governance, advancing sound fiscal reforms and building a more resilient and inclusive economy," Houenipwela said.
He said the partnership supports the government's four national priorities: strengthening institutions, building a productive economy, responsibly managing natural resources and investing in people.
JICA President Akihiko Tanaka said Japan remains committed to supporting Solomon Islands' development agenda, describing the government's priorities as "a clear and forward-looking vision."
"We believe this project will strengthen the institutional and fiscal foundations needed to advance these priorities and support sustainable development," Tanaka said.
He noted that JICA has partnered with Solomon Islands for nearly five decades, supporting projects in infrastructure, natural resource management and public investment systems.
"Japan remains a trusted partner supporting the government's reform efforts and development aspirations," he said.
Houenipwela welcomed Japan's continued assistance, describing the country as a reliable development partner that has supported Solomon Islands through both challenges and opportunities.
He said the agreement would further strengthen bilateral relations while contributing to sustainable economic growth and improved public sector governance.
Both sides expressed confidence that the partnership would help build a more resilient, inclusive and prosperous future for Solomon Islands.
