Economic Development Document - Medium Term Development Plan - 2016 to 2020.

This Medium Term Development Plan (MTDP) 2016-2020 sets out development programmes and projects supporting the draft National Development Strategy (NDS) 2016-2035 objectives. The overall Vision and long term Objective of the NDS is to achieve an improvement in the social and economic livelihoods of all Solomon Islanders, through a return to economic growth, by delivering on the following five long-term national objectives: Sustained and inclusive economic growth (1); Poverty alleviated across the whole of the Solomon Islands, basic needs addressed and food security improved; benefits of development more equitably distributed (2); All Solomon Islanders have access to quality social services, including education and health (3); Resilient and environmentally sustainable development with effective disaster risk management (4); Unified nation with stable and effective governance and public order (5).
A return to economic growth and continued sustainable and inclusive economic and social development will provide the economic and social capital that will enable the improvement in the economic and social wellbeing of all Solomon Islanders. Sustainable and inclusive growth is seen as the key to long term development, necessary for the alleviation and prevention of poverty and hunger, particularly in the rural areas of the Solomon Islands. It will also provide resources for the provision of adequate, accessible and quality social services, including health and education which themselves are essential for developing a heathy and skilled labour force on which growth depends and thrives.
Solomon Islands needs to respond effectively to climate change and the increasing frequency of storm surges and floods. It needs to effectively manage the environment and the risks of natural disasters, improving preparedness and increasing mitigation activities; this cuts across the three objectives noted above. Similarly, improved governance, national unity, public order and safety are essential for a stable environment within which the economy can grow and people’s livelihoods and well-being improve.
The text consists of 5 Parts as follows: Introduction (1); Government's Objectives, Priorities and Strategies (2); Programmes Supporting Government Medium Term Strategies and Priorities (3); Development Expenditure (4); MTDP in the Public Financial Management Reform Roadmap (5).