INTEGRATION OF FINANCIAL INCLUSION INTO GOV’T PLANS NEEDED

The Central Bank of Solomon Islands in Honiara, Solomon Islands. Photo: Courtesy of CBSI.

The Central Bank of Solomon Islands in Honiara, Solomon Islands. Photo: Courtesy of CBSI.

Senior government officials who attended the recent consultation workshop on financial inclusion have agreed that integration over the current financial inclusion into government work programs is needed.

A statement from the Central Bank of Solomon Islands (CBSI) said participants from the Office of the Prime Minister and Cabinet, including all government line ministries have agreed that more consultation is required for current efforts to move forward.

CBSI said this is to help boost the overall development of Solomon Islands.

This came to light after senior government officers presented their ideas on financial inclusion.

Meanwhile, Central Bank Governor and Chairman of the National Financial Inclusion Taskforce (NFIT), Denton Rarawa has called for greater integration of financial inclusion into government planning and budgeting programs.

Mr. Rarawa told participants that financial inclusion in Solomon Islands can contribute greatly to the country’s overall development.

He said this can be done provided that the government link up and feature some of the financial inclusion main agenda into its policy framework, national development plans, and budgeting as well as mid-term development plans.

Participants of the consultation workshop will also be part of the National Financial Inclusion Strategy Review which will take place this Thursday.

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