Continuing reforms to stimulate private sector investment : a private sector assessment for Solomon Islands / Asian Development Bank.

Format:

Book

Author/Creator:

Asian Development Bank, author, publisher.

Language:

English

Subjects (All):

Investments, American--Solomon Islands.

Investments, American.

Physical Description:

1 online resource (119 pages) : illustrations, tables

Edition:

1st ed.

Place of Publication:

Metro Manila, Philippines : Asian Development Bank, 2016.

Summary:

A business environment that supports private sector-led growth is the key to long-term sustainable poverty reduction. This has been recognized by successive Solomon Islands' governments who have implemented fundamental reforms that have modernized the environment for doing business in the country with some far-reaching reforms. This private sector assessment (PSA) analyzes the reforms to date and suggests further policy actions and priorities in the areas of business law reform, promoting economic opportunities for women, infrastructure, state-owned enterprises, the tax system, and the financial system. The policy recommendations in the PSA provide the basis for discussions between the Government of Solomon Islands, the private sector, and other stakeholders regarding future reform priorities that will contribute to the country's resources being used most productively. This PSA was produced by the Pacific Private Sector Development Initiative---a regional technical assistance facility cofinanced by the Asian Development Bank (ADB), the Government of Australia, and the Government of New Zealand.

Contents:

Cover

Contents

Tables, Figures, and Boxes

Table

1 Reform Priorities

2 Key Challenges and Recommendations

B1 Policy Framework for Private Sector Investment

C1 Progress Addressing Key Concerns Identified in the 2005 Private Sector Assessment

D1 Summary of Infrastructure Services in Solomon Islands

D2 Proposed Priority Infrastructure Investments, 2013-2020

D3 Electricity Cost Comparison for Selected Pacific Island Countries

D4 Telephone and Internet Subscription Rates for Selected Pacific Island Countries

E1 Solomon Islands: State-Owned Enterprise Performance Indicators, 2012

F1 Tax System Characteristics for Selected Pacific Island Countries

I1 Selected Solomon Islands Banking Sector Indicators, 2011-2014

I2 Domestic Credit to Private Sector by Banks (% GDP) in Selected Pacific Island Countries

Figures

A1 Comparative Gross National Income per Capita

A2 Solomon Islands Real GDP Growth, 2002-2013

A3 Sector Contributions to GDP at Current Prices, 2007-2012

A4 Official Development Assistance Received as a Proportion of Gross National Income, 2005-2012

Boxes

E1 Successful Examples of State-Owned Enterprise Privatization in the Pacific Islands Region

E2 Business Activities Reserved for Solomon Islander Investors under the Foreign Investment Act 2005

G1 Example of Successful Business-Landowner/Community Engagement

I1 Moveable Asset-Based Lending to Finance the Cocoa Industry in Solomon Islands

Abbreviations

Foreword

Executive Summary

Continuing Reforms to Stimulate Private Sector Investment

Introduction

Challenges and Recommendations

Strengthen Policy Development

Improve Infrastructure

Restructure State-Owned Enterprises

Encourage Conditions that Support Competition

Modernize the Tax System

Facilitate Access to Customary Land.

Enhance Business Access to Skilled Labor

Improve the Functioning of the Financial System

Advance Gender Equality

Case Study-Tuna Fisheries

Appendixes

A: Overview of the Economy

B: Policy Framework Encouraging Investment

C: Progress Addressing Concerns Raised in the 2005 Private Sector Assessment

D: Infrastructure

E: State-Owned Enterprises and Competition

F: Tax System

G: Land

H: Labor Market

I: Finance Sector

J: Women's Economic Empowerment

K: Case Study-Tuna Fisheries

References.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed August 26, 2016).

ISBN:

9789292573966

9292573969