A Committee had been set up to look into the establishment and revitalisation of Development Bank of Solomon Islands.
Minister of Finance and Treasury, Snyder Rini confirmed this when asked by MP for Aoke Langa langa, Mathew Wale in Parliament on Monday.
Rini said the committee’s chairman is MP for Savo Russell, Dickson Mua plus members of Ministry of Finance and Treasury, Ministry of Commerce, Central Bank of Solomon Islands and National Provident Fund.
He said the committee had held meetings and will produce a report to Ministry of Finance to table in Parliament.
Rini expects the report to be ready by July and work should start next year.
Furthermore, a consultant engaged by the government, Martin Housanau to review the project had been sacked this week.
Housanau earlier said the DBSI will focus on agriculture and fisheries and provide access to funds at an affordable interest.
Solomon Star understands DBSI had become insolvent some years back after members failed to repay their loans.
By EDDIE OSIFELO