The project is an initiative of an Organisation of African, Caribbean and Pacific States (OACPS) financed by the European Union (EU) and United Nations Development Programme (UNDP) and implemented by United Nations Development Programme (UNDP) in collaboration with International Labour Organization (ILO).

The project aims to support the transitioning of informal enterprises towards sustainable growth and formalization in Solomon Islands by resolving key structural, institutional, and operational bottlenecks.

The project has five key pillars:

1. Supporting the creation of enabling policy and regulatory environment 
2.  Facilitating access to finance 
3.  Building capacity among the intermediaries and informal enterprises
4.  Fostering collective actions and innovations to address gaps in selected sector
5. Disseminating knowledge and experience at the regional and global level

Target beneficiaries 

• Informal Enterprises
• Intermediaries (including financial institutions, fintech firms, aggregators, incubators, and accelerators)
• National Government 

Major achievements  

• National formalization roadmap and action plan developed. 
• Two financial intermidiares identified to design digital financial products and services.
  1. Solomon Telekom Company Limited 
  2. Solomon Islands Postal Corporation 
• Cocoa collective action platform designed.