| Project Detail |
The development objectives and pillars of the FY22 Supplemental Development Policy Operation in Solomon Islands are: (1) to strengthen fiscal management in the areas of debt management, cash management and procurement; (2) to strengthen the business environment through simplifying tax processes, fighting corruption and supporting more efficient payments systems; and (3) to improve environmental sustainability by strengthening national planning for climate change and reducing plastic pollution. There are eight results indicators. Results Indicator 1: (i) Government debt operations comply with the Annual Borrowing Limit (ABL); and (ii) the share of domestic debt in total central government debt has increased. Results Indicator 2: Reduced accumulation of expenditure arrears. Results Indicator 3: (i) Improved transparency in public procurement, contract award notices being published online in accordance with the Regulations; and (ii) competition is improved. Results Indicator 4: Tax administration is made more efficient, as measured by: (i) a greater share of large taxpayers filing tax returns online via e-tax; (ii) an increase in the on-time filing rate for large taxpayers; and (iii) a reduction in tax debt for the large taxpayer segment. Results Indicator 5: The Solomon Islands Independent Commission Against Corruption (SIICAC) is reporting transparently on its activities, as measured by the tabling of its annual report in Parliament in accordance with the Anti-corruption Act. Results Indicator 6: Female representation in anti-corruption efforts is increased, as measured by the share of female SIICAC Commissioners. Results Indicator 7: The efficiency of payment systems is improved, as measured by (i) an increased share of electronic payments in total payments cleared and settled by commercial banks; and (ii) a reduction in bank transaction fees for the Ministry of Finance and Treasury. Results Indicator 8: Planning for climate adaptation has improved, as measured by (i) an increase in the number of communities covered by Integrated Vulnerability and Adaptation Assessments; and (ii) the incorporation of gender analysis in all new assessments. Lastly, Results Indicator 9: The consumption of single use plastic products has decreased, as measured by a reduction in the volume of imported polyethylene plastic bags.
* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the projects current nature
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Development Objective
The Program Development Objectives and pillars of this operation are: (1) to strengthen fiscal management in the areas of debt manag ement, cash management and procurement; (2) to strengthen the business environment through simplifying tax processes, fighting corru ption and supporting more efficient payments systems; and (3) to improve environmental sustainability by strengthening national plan ning for climate change and reducing plastic pollution.
Key Details
Project Details
Project ID
P178608
Status
Active
Team Leader
Lodewijk Smets,Sonia Maria Da Silva Araujo
Borrower 2
Solomon Islands
Country
Solomon Islands
Approval Date
(as of board presentation)
June 1, 2022
Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance and Treasury
Region
East Asia and Pacific
Fiscal Year 3
2022
Commitment Amount
US$ 15.00 million
Environmental Category
N/A
Last Update Date
July 12, 2022
Closing Date
N/A
Last Stage Reached
Bank Approved
Associated Projects
P172454 |
