THOUSANDS TO ACCESS FINANCIAL SERVICES BY 2020

                                                    CBSI Governor Denton Rarawa at the meeting in Nadi, Fiji. Photo credit: CBSI.

By 2020, 300,000 Solomon Islanders should have access to financial services including commercial banks and semi-formal financial services in the country.

This was according to Mrs. Caroline Kanoko, Manager of the National Financial Inclusion Unit at the Central Bank of Solomon Islands (CBSI).

On the sidelines of the recent Alliance for Financial Inclusion Global Policy Forum held in Nadi, Fiji, Mrs. Kanoko said Solomon Islands is now implementing phase two of its National Financial Inclusion Strategy under 2016-2020 medium-term.

A statement from CBSI quoted Mrs. Kanoko as saying among the targeted 300,000 Solomon Islanders, 150,000 must be women, using and utilising all financial services including the semi-formal financial services available in the country.

The National Financial Inclusion Strategy is also targeting 90 percent of the population having access to financial service access points, within one hour of ordinary travel time from their homes.