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SolomonTimes.com solomontimes.com 26 Jan, 2023 00:45 am

Solomon Islands Not Ready to Graduate from Least Developed Country Status

Solomon Islands Not Ready to Graduate from Least Developed Country Status
The Minister of Foreign Affairs and External Trade, Hon. Jeremiah says the Solomon Islands is not ready to graduate from its least developed country status.

“Should Solomon Islands graduate out of the LDC status, trade will be an important tool to sustain the country’s economy,” the Foreign Affairs Minister said.Jeremiah says the Solomon Islands is not ready to graduate from its least developed country status.The Foreign Affairs Minister met with a team from the UN Inter-Agency Task Force on Support for Graduation (IATF) to discuss the Solomon Islands request for a three-year deferment of its proposed graduation as a Least Developed Country in December 2024.Manele used the meeting to emphasise Solomon Islands vulnerability through ongoing environmental challenges with flooding and earthquakes, and the recent COVID-19 pandemic and civil unrest in 2021 which has set the country’s national economy back.

“Should Solomon Islands graduate out of the LDC status, trade will be an important tool to sustain the country’s economy,” he stated.It is also hoped that with deferment, Solomon Islands would also have time to develop a LDC transition strategy to guide the Government through the transition period, a document ideally aimed at mitigating the social and economic impact that Solomon Islands face after graduation.

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