UNCDF has been present in Solomon Islands since 1982, improving governance and service delivery through fiscal decentralization and increased local investment capacity, bridging funding and service gaps in provincial areas, and enhancing basic capacity for public expenditure management to produce and execute credible budgets through appropriately participatory and transparent procedures.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through financial inclusion, UNCDF is jointly implementing the Pacific Financial Inclusion Programme (PFIP) with UNDP, increasing the number of low-income customers who adopt formal financial services. PFIP aims to add one million Pacific Islanders to the formal financial sector by 2019 by supporting policy and regulatory initiatives, funding innovation with financial services and delivery channels, disseminating market information, and empowering consumers.
PFIP is being implemented in Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu, and operates from the UNDP Pacific Office in Suva, Fiji with offices in Papua New Guinea, Samoa and Solomon Islands. For more information visit www.pfip.org.
Through local development finance, UNCDF is deploying the Local Climate Adaptive Living Facility (LoCAL) programme is helping the Government of Solomon Islands channel global climate adaptation financing to the local level and cope with the increased cost of building resilience against climate change and natural disasters.