Masato Kanda, President of the Asian Development Bank (ADB), declared a “new beginning” with the official inauguration of ADB’s Resident Mission in Honiara on Tuesday. He addressed the importance of this development, stating that while ADB has maintained a presence in the Solomon Islands since 2008, this opening symbolizes a renewed commitment to the nation.
Kanda highlighted ADB’s 50-plus years of partnership with Solomon Islands, emphasizing the tangible benefits that have been brought to the people through various initiatives. The establishment of the Resident Mission, he noted, underscores not only the strength of this partnership but also ADB’s long-term dedication to supporting the country’s development goals. Currently, ADB’s portfolio in the Solomon Islands stands at an impressive $362 million, marking it as one of the bank’s largest portfolios in the Pacific region.
The array of projects funded by ADB ranges across transport, energy, urban development, education, and public financial management, including significant support for tax reforms. Looking ahead, Kanda mentioned that ADB has nearly $200 million in new investments planned, ensuring a robust pipeline of projects set to benefit the region.
He also remarked on the increase in ADB’s field-based positions throughout the Pacific over the last five years, nearly doubling their workforce to enhance local engagement. “Development does not happen from a distance,” he asserted, reinforcing the importance of localized operations. This new Resident Mission will enable ADB to work more closely with the government and the community, accelerating efforts to improve connectivity, infrastructure quality, human capital, and necessary reforms.
The Resident Mission is expected to foster stronger collaboration with both the government and other development partners while focusing on private sector development, creating an environment conducive to business growth and job creation.
Kanda welcomed Anthony Gill as ADB’s Country Director, who will lead operations in the Solomon Islands, building upon their longstanding partnership. Highlighting important projects like the Tina River Hydropower Project and the University of the South Pacific campus, Kanda expressed optimism about the future. “Our goal is clear: to make life better for Solomon Islanders,” he said, reiterating the mission’s dedication to supporting sustainable progress.
As he concluded, Kanda encouraged collective efforts to build a more connected, resilient, and prosperous Solomon Islands for future generations. The establishment of the Resident Mission serves as a crucial tool in achieving these aspirations, fostering hope and collaboration in the region’s development journey.
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