Solomon Islands

EITI Status Inadequate progress / suspended
EITI Member Since 2012
Latest Data From 2014

Overview

The Solomon Islands is heavily dependent on income from primary resource exports, which have been central to the country’s development aspirations and its associated challenges (World Bank, 2013). Resource related grievance is cited as the main explanations for the destabilising civil war (“the Tensions”) that divided the country between 1998 and 2003. Mining at Gold Ridge, until recently the only producing mine in the country, was suspended in April 2014. Gold Ridge has been cited as both a cause and a target of the conflict that took place at the mine site and in Guadalcanal during the uprising. With this background, how the mining sector develops and is managed is not only sensitive, but critical to sustainable development outcomes in the country.

Beneficial ownership disclosure

Solomon Islands produced a beneficial ownership roadmap in December 2016. Among its key features are the creation of a central data base that will host all data on beneficial owners of mining companies, and the proposal to require companies to include the names of their beneficial owners in the reports they file with regulatory agencies.

Revenue collection

Sources of government revenues

Initializing chart.

Implementation

Solomon Islands was found to have achieved inadequate progress in implementing the EITI Standard. View more information under the Validation section of this page or go to the Board's decision in full

Timeline

Validation

The country was admitted as EITI candidate in 2012.

Solomon Islands' Validation against the Standard commenced on 1 July 2016. Solomon Islands was found to have achieved inadequate progress in implementing the EITI Standard.

Solomon Island's progress by requirement