Solomon Islands Threshold Program
In December 2018, the MCC Board of Directors selected Solomon Islands as eligible to develop a threshold program and in January 2022, MCC and the Government of Solomon Islands signed a $20 million threshold program.
Solomon Islands, an archipelago of 997 islands in Oceania, is a small, remote island economy that faces substantial development challenges including over-harvested forests and an inability to secure land for investment to grow the tourism sector.
The MCC Threshold Program aims to reduce poverty by assisting the government in addressing the country’s biggest constraints to economic growth: ineffective management of natural resources in the forestry sector and lack of secure access to land which limits tourism investment. The threshold program will address these challenges through two projects: the Forest Value Enhancement Project (FoVEP) and the Accessing Land for Tourism Investment Facilitation (ALTIF) Project.
Financials
Financials as of June 30, 2023
Program Budget
Milestones
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Signed:
January 22, 2022 -
Entry Into Force:
January 22, 2022