A second joint research workshop hosted by the Central Bank of Solomon Islands (CBSI), the Asian Development Bank (ADB), and the Asia-Pacific Applied Economics Association (APAEA) was held on Friday at the Heritage Park Hotel in Honiara.
Building on the success of last year’s inaugural event, this year’s workshop centered on the theme “Monetary and Fiscal Policies Amid Global Uncertainty.”
It brought together policymakers, CBSI researchers, academics, and financial institutions to address the pressing economic challenges shaping the future of monetary and fiscal strategies across the Asia-Pacific region.
The workshop was officially opened by the Minister of Finance and Treasury, Hon. Rexon Ramofafia, who served as guest of honor.
Key speakers included: Professor Paresh Narayan, President of APAEA and Monash University academic, Dr. John Beirne, Principal Economist at ADB, Baljeet Singh, Senior Lecturer at the University of the South Pacific, Dr. Luke Forau, Governor of CBSI, Vrinda Jogia, Economist at the Reserve Bank of Fiji and Researchers from CBSI, the Reserve Bank of Vanuatu, and Bank of Papua New Guinea
In his keynote address, Minister Ramofafia emphasized the importance of collaborative research and evidence-based policy dialogue.
“These conversations are vital, especially in a time of global uncertainty and increasingly complex challenges,” he stated.
He welcomed the initiative as a platform for sharing analysis, experience, and insights to inform better policy decisions.
Dr. Forau echoed this sentiment, noting that the workshop marks another milestone in fostering regional collaboration.
“It provides a valuable platform for exchanging ideas and practical insights on issues that shape the future of public policy in our region,” he said.
He highlighted the relevance of the theme, pointing to challenges such as rising prices, global trade tensions, geopolitical pressures, and the growing impact of climate change.
“Pacific Island economies face unique vulnerabilities—small scale, geographic isolation, and exposure to natural disasters—all of which pose risks to our financial systems and long-term planning,” Dr. Forau added.
The one-day event featured research presentations on topics including climate change and inflation, trade and remittances, and macroeconomic stability.
A special session was also held on ADB’s upcoming Asian Development Outlook 2025 Report, offering forward-looking insights into regional economic trends.
By AGNES MENANOPO
Solomon Star, Honiara
