SICCI Congratulates New CBSI Governor

Dr Luke Forau presenting an overview of the Solomon Islands’ economy during the 11th Australia-Solomon Islands Business Forum in Honiara in September earlier this year co-hosted by SICCI. SICCI congratulates Dr Luke Forau on his recent appointment as CBSI Governor.

THE Solomon Island Chamber of Commerce and Industry (SICCI) congratulates Dr Luke Forau on his appointment as the Governor of the Central Bank of Solomon Islands (CBSI).

SICCI Chairman Jay Bartlett, on behalf of the Solomon Islands private sector, congratulated Dr Luke Forau and assured the Chamber’s continuous support towards the important work of the Central Bank.

Mr Bartlett said the new Governor’s wide-ranging experience in handling economic matters will undoubtedly help in managing the critical issues facing the country’s economy.

“Dr Luke Forau has a good understanding of the financial issues facing the Solomon Islands economy and with his wealth of work experience, and high level of academic qualification, he is in a strong position to lead CBSI to newer heights. We look forward to the entity continuing its sound and prudential oversight of the country’s economy under his leadership,” he said.

The Governor is Chief Executive of CBSI, responsible for day-to-day management and bank operations.

The Governor maintains close contact with the Minister of Finance, commercial banks, other financial institutions and the private sector generally.

This helps the Bank undertake its monetary and regulatory functions, enabling it to assess the economic and financial impact of government policies and related decisions on the private sector.

SICCI also acknowledges the former CBSI Governor, Mr Denton Rarawa for his outstanding service to Solomon Islands and 36 years commitment to the Central Bank which included 10 years as Deputy Governor and another 10 years as Governor.