Solomons amendment ire

Transparency Solomon Islands is raising questions concerning recent rushed amendments to the Financial Institutions Act, which it claims will effectively allow logging companies to run their own banks. This comes in the wake of a decision by the major commercial banks to close accounts belonging to logging companies. An unintended by-product of RAMSI’s stabilisation of the country, logging —often unregulated and even illicit— has been responsible for much of Solomon Islands recent economic growth.