Solomon Islands Regulatory Sandbox

About the Project

Central Bank of Solomon Islands (CBSI) began to utilize regulatory sandboxes as a way to encourage financial innovations that foster financial inclusion. It was one of seven regional central banks that are participating in the AFI Pacific Islands Regional Initiative (PIRI) landmark Pacific Regional Regulatory Sandbox Guidelines 2020. The guidelines outline the rationale and objectives of the sandbox as well as guidance for potential applicants on the requirements, information, stages, and procedures.

CBSI launched its own domestic FinTech Regulatory Sandbox in April 2022, which was based on these Guidelines.

Start and End Date


Geographical Focus

Solomon Islands

Main Beneficiary

Government and Private Sector



Budget ($)


Implementing Agency

National Central Bank

Contact Person

Andrea Ibba
Pacific E-commerce Coordinator

Policy Area

PA5. Electronic Payment Solutions

Strategic Output

5.1. Non-bank digital payment solutions for E-commerce are deployed across the Pacific.


5.1.2 Implement harmonised regulatory sandboxes or similar mechanisms for fintech development using recently approached AFI guidelines for regulatory sandboxes for fintech

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