D.C.C TO REVIVE DEVELOPMENT BANK OF SOLOMON ISLANDS

National consultant on Commerce and Tourism Martin Housanau. Photo credit: www.masebusinesscentre.com.sb

National consultant on Commerce and Tourism Martin Housanau. Photo credit: www.masebusinesscentre.com.sb

The Government will revive the Development Bank of Solomon Islands.

A consultant engaged by the DCC Government to review the project announced this at the launching of the second phase of the Rural Development Project today.

During the presentation and questions session of the launch, many farmers expressed the difficulties they find to secure funds for their projects and the high-interest rates charged by the commercial banks.

Responding to their concerns, Martin Housanau says the Government is currently holding consultations to review the DBSI Bank and re-open it by next year.

Mr Housanau says the DBSI bank will focus on agriculture and fisheries and provide access to funds at an affordable interest.

He says according to the Central Bank, Solomon Islands is capable of having its own commercial bank.

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