The Central Bank of Solomon Islands, in partnership with the Pacific Islands Forum Secretariat, hosted a stakeholder workshop focused on strengthening correspondent banking relationships, bringing together regional institutions, government agencies and private sector participants to discuss how to safeguard Pacific financial connectivity. The session was framed as part of broader regional work on correspondent banking under the Pacific Roadmap for Economic Development, in partnership with the World Bank. In opening remarks, CBSI Deputy Governor Raynold Moveni said the workshop was intended to strengthen collaboration, improve understanding of current pressures on correspondent banking links and identify practical solutions for Solomon Islands and the wider Pacific. He pointed to structural constraints shared by Pacific island economies, including small market size, geographic isolation and exposure to external shocks, and said the issue requires coordinated regional action, strong policy direction and continued engagement with international partners.
Central Bank of the Solomon Islands2026-05-31
Central Bank of Solomon Islands and Pacific Islands Forum Secretariat host workshop on strengthening correspondent banking relationships
The Central Bank of the Solomon Islands and the Pacific Islands Forum Secretariat hosted a stakeholder workshop on strengthening correspondent banking relationships under the Pacific Roadmap for Economic Development with the World Bank. The workshop aimed to improve understanding of pressures on correspondent banking links and identify practical solutions for the Solomon Islands and the wider Pacific, highlighting structural constraints and the need for coordinated regional action with international partners.