Infrastructure development is a crucial part of the DCC Government policy for larger provinces like Guadalcanal and Malaita and is determined to achieve that to provide favourable conditions for investors.
Prime Minister Manasseh Sogavare made the statement when he received a top level delegation from the PNG-based Bank South Pacific on a courtesy visit in Honiara yesterday.
The three-man delegation included BSP’s Chairman Kostas Constantinou, Chief Executive Officer Robin Fleming and Country Manager David Anderson.
The group briefed Prime Minister Sogavare on the bank’s performance since its establishment in the country, and on its expansion plans, particularly, in rural banking services.
Mr Constantinou also confirmed BSP’s takeover of Westpac bank which will exit Solomon Islands when formal arrangements are finalized.
Responding to the BSP Chief Executive, the Prime Minister said the Government will ensure a necessary infrastructure will be in place to support economic development in the country.
Prime Minister Sogavare also acknowledged BSP’s expansion plans, particularly in the area of rural banking.
He said there is a need for partnership between the government and the banks to ensure rural banking is advanced and well developed.