$2.34-billion CDF racket

THE nation’s 50 Constituencies raked in more than $2.34 billion in grants from the Constituency Development Fund (CDF) in the eight years to 2022, according to the latest figures on disbursements. According to the Permanent Secretary of the Ministry of Rural Development (MRD), Samson Viulu, this year alone each Constituency received $6.8 million, which include…

MONETARY POLICY STANCE FOR SEPTEMBER 2022

At its monetary policy meeting on 22nd September 2022, the Board of the Central Bank of Solomon Islands decided to adopt an accommodative monetary policy stance, geared more towards taming inflation for the next six months.  The decision follows the need to continuously support a durable recovery while ensuring that inflation remains intact going forward.  Economic…