The Solomon Islands government has approved a new business model to revitalise the country's defunct development bank.
The Solomon Islands flag Photo: RNZI
The development bank stopped operating more than a decade ago following civil unrest which resulted in mass loan defaults.
A cabinet sub committee report was the culmination of extensive consultations that looked at the reasons the bank failed.
A cost assessment is being carried out to determine how much capital is needed for the bank to be fully operational, along with a national awareness and consultation programme on the changes.
