Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Private infrastructure investment
At 1.4% of GDP, the Solomon Islands had the highest value of private infrastructure investment as a share of GDP over the last five years of all InfraCompass 2020 countries. This may be impacted by the COVID-19 pandemic.
Value of close infrastructure deals with foreign equity sponsorship
The Solomon Islands has one of the highest values of closed infrastructure deals with foreign equity sponsorship among InfraCompass 2020 Countries, at 0.5% of GDP. A high value may reflect favourable trade conditions and lower barriers to foreign investment, but the COVID-19 pandemic may impact international capital flows.
Gross government debt
The Solomon Islands gross government debt amounts to 10% of GDP, lower than the Lower Middle Income Countries’ average of 54%. The COVID-19 pandemic may increase debt levels, but the Solomon Islands is currently in a stronger fiscal position to fund infrastructure than its peers.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Activity:
Private infrastructure investment
Funding capacity:
Gross government debt
Opportunities to Grow
Market sounding and/or assessment
According to the World Bank, there is no formal requirement for a market sounding process in the Solomon Islands. Adding one could allow the government to determine if there is an interest from investors and lenders to provide commercial financing for projects.
Shareholder governance
The Solomon Islands is not considered to have strong legal protections for shareholders. A failure to adequately enforce disclosure and transparency standards lowers the confidence of investors, hurting entities that fund or deliver infrastructure.
Average procurement duration – transaction RFP
At 98 months, the Solomon Islands has the longest duration from announcement of a tender to contract award of any InfraCompass 2020 country. Lengthy procurement durations add costs, risks and down time to contractors bidding for and investing in infrastructure projects.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Planning:
Market sounding and/or assessment
Governance:
Shareholder governance
Procurement:
Average procurement duration – transaction RFP
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Solomon Islands
Lower-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
2,333 USD
0.7 million persons
2.7%
GDP per capita growth rate2.3%
Gini coefficient37.1 (0-100 worst)
Gross Government Debt11.0% of GDP
0.4%
Summary credit rating25.0 (0-100 best)
Unemployment rate1.8%
Urbanisation ratio24.0% of total population