The Democratic Coalition for Change (DCC) Government through the Ministry of Finance and Treasury has announced its continuous support to the Solomon Islands National Provident Fund’s (SINPF) intention to deliver sustainable growth of members’ wealth for retirement.
Minister of Finance Hon Snyder Rini made the announcement.
Announcing a 10 percent crediting rate for SINPF members recently, Minister Rini said, the government recognise the crucial roles the Fund plays in the stabilisation of our financial system and the domestic economy.
Mr Rini said the support includes the Fund’s specific investments in the proposed fibre optic cable, proposed investment in the provision of land for quality housing for Solomon Islanders and commercial property developments at Auki, Malaita Province to support small/medium enterprise developments.
“Let me assure the Board and the Management of the fund that my Ministry and the current DCC Government will continue to support the intentions of the fund in its investment endevours to deliver sustainable growth for members’ wealth for retirement. Moreover, the Government thus recognise the crucial role the fund has played in the stabalisation of our financial system and the domestic economy.”