SOLOMONS FIRST TO ADOPT NEW FINANCIAL INITIATIVE

CBSI Governor Denton Rarawa speaking at the meeting. Photo credit: CBSI.

CBSI Governor Denton Rarawa speaking at the meeting. Photo credit: CBSI.

Solomon Islands has become one of the leading Pacific nations to adopt a new financial promotional initiative of the Alliance for Financial Inclusion (AFI) “Dili Consensus”.

A statement from the Central Bank of Solomon Islands today says the Dili Consensus articulates the commitment and support of key stakeholders in the region including the private sector, AFI and development partners along with the Central Bank.

This follows Governor of the Central Bank of Solomon Islands (CBSI) and Chairman to the National Financial Inclusion Taskforce (NFIT), Mr. Denton Rarawa and other governor’s and senior officials from seven other Pacific country’s central banks who endorsed this new approach in a high-level AFI regional meeting in Dili, Timor-Leste last week.

The new approach expects to provide a long-term opportunity for member institutions to share a common vision while working toward ensuring financial services are widely accessed.

In 2009, leaders from six Central banks from Fiji, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste and Vanuatu- all members of the Alliance for Financial Inclusion, decided to form the Pacific Islands Working Group (PIWG).

SIBC News understands Central Bank of Solomon Islands Governor Denton Rarawa and Chairperson of the PIRI delivered the welcome address and opening remarks during the event.

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