AGP Executive Report
Last update: 3 hours agoClimate Finance: Solomon Islands is among 14 Pacific countries covered by a US$1.06 billion climate-resilience programme, backed by a US$250 million Green Climate Fund grant and ADB financing. Energy Investment: Main dam construction has begun at the 15MW Tina River hydropower project, with completion targeted for 2028 and tunnel boring due to start in December. Economic Risks: At a Honiara research conference, officials warned that global shocks and El Niño are hitting local costs; fuel prices have climbed to $14 a litre from $9.54 last year. Community Business: Australia’s latest SBD$18 million funding round backs 74 local projects, bringing 2026 support to 125 projects worth more than SBD$30 million and creating work for local contractors and suppliers. Transport Links: Australia is also providing SBD$10 million for West Makira road rehabilitation, expected to help farmers reach markets and create about 250 jobs. Trade Outlook: Solomon Islands is due to graduate from least-developed-country status in 2027, but aid and concessional finance will continue; trade preferences have also been protected through its EU-Pacific agreement.
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