Global economic crisis You are all aware that in the last eighteen months the global economy went through a severe financial and economic crisis that spared no country. Earlier this year when launching the Central Banks' 2008 annual report, I described the Solomon Islands economy then as a small boat in the middle of a severe storm.
At that time, no one knew how strong the storm would be or how long it would last. But one thing was certain: the country has to survive the storm otherwise our boat MV Solomon Islands will sink. Today there is growing evidence that the storm is abating. Signs of recovery are emerging around the world.