China props up Solomon Islands’ budget with $20 mn injection

by Admin
0 comment


Solomon Islandsโ€™ Prime Minister Jeremiah Manele, right, with his delegation, attends a meeting with Chinese President Xi Jinping, unseen, at the Great Hall of the People in Beijing, China, Friday, July 12, 2024.
| Photo Credit: AP

The Solomon Islands will prop up its government budget with a $20 million injection from China, the developing Pacific state said on July 16, as Beijing looks to strengthen a strategic toehold in the region.

Prime Minister Jeremiah Manele announced the funding after talks with President Xi Jinping in Beijing, hailing Chinaโ€™s โ€œtransformativeโ€ presence in one of the worldโ€™s poorest nations.

China has also agreed to fund extensions at Solomon Islandsโ€™ only international airport, Mr. Manele said, leading work on a crucial piece of national infrastructure.

The Solomon Islands has become one of Chinaโ€™s most vocal supporters in the South Pacific since abruptly severing diplomatic ties with Taiwan in 2019. China has responded by building a major new stadium in the capital Honiara, state-of-the-art health facilities, cellphone towers, roads and more.

โ€œSince the establishment of a bilateral partnership with China five years ago, the relationship has grown from strength to strength with China assisting in transformative projects,โ€ said a statement issued by Mr. Maneleโ€™s office on July 16.

Australia and the U.S. โ€” traditionally two of Solomon Islandsโ€™ closest security partners โ€” have offered similar amounts of budgetary support in the past.



Source link

Oh hi there ๐Ÿ‘‹ Itโ€™s nice to meet you.

Sign up to receive awesome content in your inbox, every day.

We donโ€™t spam! Read our privacy policy for more info.

You may also like

Leave a Comment