Solomons To Research Informal Sector Financial

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Pacific Islands Development Program, East-West Center With Support From Center for Pacific Islands Studies, University of Hawai‘i

Partnership between Provident Fund, UN Capital Development Fund

HONIARA, Solomon Islands (Solomon Star, Sept. 24, 2015) – The Solomon Islands National Provident Fund (SINPF) and United Nations Capital Development Fund (UNCDF) have signed a partnership agreement on Wednesday to jointly carry out a research study on the informal sector financial services in the Solomon Islands.

The partnership agreement was signed by Tony Makabo, General Manager & CEO of SINPF and Judith Karl, Executive Secretary of the UNCDF at an event held at the CBSI.

The partnership involves a grant agreement whereby UNCDF through its Pacific Financial Inclusion Programme (PFIP) will provide funding assistance to the SINPF to conduct a research covering the following:

The project is expected to commence right from October 2015 and study completed latest by June 2016. Thereafter based on the findings of the research, NFP in partnership with PFIP engage in charting the future implementation plan for roll out of appropriate products and services.

The funding assistance for the research project is being provided by the PFIP through the support from Australian Government Department of Foreign Affairs & Trade and Solomon Islands bilateral programme.

The MOU signing event was witnessed by the Governor and Deputy Governor of CBSI as well as the senior officials of SINPF and UNCDF.

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