Honiara, Solomon Islands, May 17, 2020 –
IFC, a member of the World Bank Group, has appointed Smiley Giobauta as
Country Officer for Solomon Islands.
In his new role, Giobauta is now responsible
for coordinating IFC’s program of investments and advisory services in
Solomon Islands. IFC, the largest global development institution focused
exclusively on the private sector in developing countries, undertakes work
in Solomon Islands, with the support of the Australian and New Zealand
“IFC’s investment and advisory work in
Solomon Islands has helped bring the Tina River Hydropower Project to financial
close, create jobs in the tuna industry, promote gender equality in businesses
and had helped build up the tourism industry,” said Thomas J. Jacobs,
IFC’s Country Manager for Australia, New Zealand, Papua New Guinea and
the Pacific Islands. “With Solomon Islands now impacted by the global
fall-out from COVID-19, Smiley Giobauta’s great professional experience
and a deep knowledge of the country will be key to helping us expand our
work in Solomon Islands.”
Based in Honiara, Giobauta is also responsible
for managing IFC’s relationship with the Solomon Islands government, donors
and private sector representatives.
“I am keen to work closely with our many
important stakeholders in this country, including business, the financial
sector and government,” Giobauta said. “The private sector has a huge
role to play in helping to build our economy and create jobs and opportunities
for Solomon Islanders.”
Giobauta brings a wealth of experience to
IFC. He spent 15 years at the Solomon Islands’ government’s Inland Revenue
Division, subsequently managing Deloitte Touche Tohmatsu’s Solomon Islands
Taxation and Business Services portfolios. More recently he has worked
as an independent consultant on infrastructure and energy projects with
the Japan International Cooperation Agency, the Asian Development Bank
and the World Bank Group in Solomon Islands.
A former president of the Institute of Solomon
Islands Accountants, Mr. Giobauta has a degree in Business Analysis majoring
in Accounting from the University of Waikato, New Zealand. He has also
worked at the New Zealand government’s Inland Revenue.
IFC—a sister organization of the World Bank and member of the World
Bank Group—is the largest global development institution focused on the
private sector in emerging markets. We work with more than 2,000 businesses
worldwide, using our capital, expertise, and influence to create markets
and opportunities where they are needed most. In fiscal year 2019, we delivered
more than $19 billion in long-term financing for developing countries,
leveraging the power of the private sector to end extreme poverty and boost
shared prosperity. For more information, visit www.ifc.org.
IFC’s work in Solomon Islands is guided by the Pacific Partnership.
Australia, New Zealand and IFC are working together through the Partnership
to stimulate private sector investment and reduce poverty in the Pacific.