There needs to be a refocus in the country’s development strategy, Central Bank (CBSI) Governor, Dr Forau says
With the current impacts of the COVID-19 global pandemic, the Governor believes this is the opportune time to do things differently.
“Focus should now be on developing the rural village,” Dr Luke said when launching CBSI’s 2019 Annual Report Wednesday this week.
“We’ve seen during the social unrest the ‘village’ was used as an insurance. Resilience was seen in the village. In fact, it was the rural economy that kept the country going during that unrest.
“Again, in this pandemic the village was used as an insurance. People were sent home for safety. I am very certain that the next economic crisis in the future, people will travel back to the village,” he added.
In response to the threat of COVID-19, Solomon Islands Prime Minister, Hon Manasseh Sogavare in March earlier this year advised people in the provinces to cancel any non-essential travel plans to the capital Honiara and called on all visitors and unemployed persons in Honiara to return to their home provinces.
Dr Forau further stated that the village has been used by the majority of our people as an insurance (or as a fall back).