Solomon Islands: Technical Assistance Report-Central Bank Risk Management

The Central Bank of Solomon Islands (CBSI) has received sustained IMF technical assistance since 2021 to strengthen its enterprise-wide risk management framework. The objective of the 2025 onsite mission was to conduct an independent assessment of CBSI’s progress in implementing recommendations from the previous reports. In addition, the mission team provided technical guidance on selected areas, including implementation of the Three Lines Model, business continuity management, and good practices for interaction with internal audit. These activities were intended to support CBSI maturing its enterprise risk management to better safeguard the organization and to contribute to strategic decision-making. While CBSI has made modest but meaningful advances—such as establishing the Risk Management Committee, approving and launching the Enterprise Risk Management Policy, and developing a draft Business Continuity Management Plan—gaps remain. A follow-up technical assistance mission, including an Executive and Board workshop, is recommended within 18–24 months.