PACIFIC LEADERS TO EXCHANGE ECONOMIC INFORMATION

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HONIARA, Solomon Islands (November 7, 1997 - PACNEWS)---Pacific Island leaders will be encouraged to exchange ideas, experience and strategies under a new project aimed at encouraging regional information sharing in the field of economic reform.

The Pacific Reform Partnership Scheme has been designed to promote the sharing of ideas and strategies between Pacific governments currently formulating or implementing significant economic reforms.

The project will be funded by the Australian international aid agency, AusAid.

The Parliamentary Secretary to Australia's Minister for Foreign Affairs, Kathy Sullivan, says that a number of Pacific Island nations were well advanced in implementing locally-initiated economic restructuring programs.

Speaking during a visit to Honiara, she said the exchange project would be particularly relevant to the Solomon Islands, which is about to undertake an ambitious program of economic and public sector reform.

Sullivan said that Vanuatu's experience in developing its national reform program, and the experiences of Samoa and the Cook Islands in introducing budget and tax reforms, could be of significant benefit to other countries in the region.

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