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Article: SOLOMON ISLANDS WARNED TO IDENTIFY NEW INDUSTRIES.
- Article from:
- AsiaPulse News
- Article date:
- March 25, 2009
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WASHINGTON, March 25 Asia Pulse - Former Solomon Islands Central Bank governor Rick Hou says the country must work with donors to develop new industries if it is to stave off the economic recession and beat annual growth forecasts that are no higher than 1.5 per cent.
His warning followed a two-day meeting in March with the countrys deputy Prime Minister and the Ministers of Finance and Planning as well as their most senior officials.
We identified half a dozen potential sources of growth: plantation agriculture; vanilla, cocoa and copra; plantation palm oil; plantation forest; fishing; and tourism, Mr Hou said.
With those potential sources of ...