Solomon Islands cb chief won't stand for 3rd term

Ric Hou, the governor of the Solomon Islands central bank has said he will not stand for a third term. He called on his successor to ensure the central bank remains independent of government interference.

Source: Solomons Today

The governor of the Central Bank of Solomon Islands, Ric Hou, has announced he will not stand for a third term in office.

Mr Hou says the country's debt has reached AUD$352 million.

He says since 1999, the government has defaulted on all interest and some principle payment