SOLS ECONOMY EXPECTED TO PICK UP SLIGHTLY BY 3%

The Asian Develoment Bank’s official Logo. Photo credit: Courtesy of ADB.

The Country’s 2014 economic growth is expected to pick up slightly to 3 percent.

A statement from the Asian Development Bank, ADB, 2014 Asian Development Outlook report has confirmed.

The statement says this is expected to remain steady at 3 percent in 2015 due to a fiscal stimulus from investment projects which will have a spillover effect on the economy.

Meanwhile, Regional Director of ADB’s Pacific Liaison and Coordination Office Andrea Iffland says delivering inclusive growth still remains a real challenge for Solomon Islands.

Mr Iffland adds, government spending priorities will need to be adjusted and the quality of public expenditures should be improved to meet challenges.

SIBC News understands the national government has already taken certain measures to address these expenditure overflows and help to ensure improved spending.