Solomon Islands Social Credit Party | |
---|---|
Leader | Manasseh Sogavare |
Founded | July 2005 |
Dissolved | By 2010 |
Succeeded by | Ownership, Unity and Responsibility Party |
Ideology | Social credit |
National affiliation | Solomon Islands Alliance for Change |
The Solomon Islands Social Credit Party ("Socreds") was a political party in the Solomon Islands that espoused social credit theories of monetary reform. It opposed foreign interference in the economy of the country. [1]
It was led by Prime Minister Manasseh Sogavare, previously leader of the People's Progressive Party [2] and the former Member of Parliament for East Choiseul. Sogavare launched the party in July 2005, backed by Filipino businessman Ramon Quitales. [3] Other prominent party members included Clay Forau Soalaoi. [4]
It was a member of a four-party coalition, the Solomon Islands Alliance for Change, which included the National Party, Solomon Islands Liberal Party, and the Solomon Islands Party for Rural Advancement, and groups of independents from Honiara, Malaita and Guadalcanal. [5]
The party opposes foreign control of the economy, and advocates a full monetary and financial reform in line with the ideology of social credit. It believes that the islands' poverty can only be addressed through social credit monetary reform. [6] The party traced its origins to the New Zealand Social Credit Party and one of its leaders, Bruce Beetham, who hosted a Solomon Islands student in his home. That student, Solomon Mamaloni, later became prime minister of the Solomon Islands. [7]
The party, running candidates for the first time, contested 29 constituencies in the 2006 general election. The party won 4.3% of the vote and 2 seats. In 2007, the party had around 10,000 members. [8] Soon after, it was dissolved and absorbed by the Ownership, Unity and Responsibility Party, again led by Sogavare. [9]
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Manasseh Damukana Sogavare is a Solomon Islander politician serving as Minister of Finance since 2024. He served as the prime minister of Solomon Islands for a total of nine years from 2000–2001, 2006–2007, 2014–2017, and 2019–2024. Sogavare has served in the National Parliament representing East Choiseul since 1997.
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General elections were held in the Solomon Islands on 4 August 2010. The election date was announced in May 2010 by Prime Minister Derek Sikua. Although the announcement was deemed to be premature, as only the Governor General has the authority to announce the election date upon the advice of the Electoral Commission, the election date remained the same.
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General elections were held in Solomon Islands on 3 April 2019 to determine the composition of the 11th Parliament. The election was the first to occur since the conclusion of the Regional Assistance Mission to the Solomon Islands (RAMSI) in 2017. Parliament passed amendments to the electoral act in 2018 that included the introduction of pre-polling, a significant increase in campaign budgets for candidates and stricter penalties for individuals committing electoral offences such as vote-buying. Ten of the thirteen parties that contested the election won seats, and the Solomon Islands Democratic Party and the Kadere Party were the parties that secured the highest amount, winning eight each. However, as in previous elections, independent candidates won the largest share of seats, securing 21.
General elections were held in Solomon Islands on 17 April 2024 to determine the composition of the 12th Parliament. Initially planned for 2023, parliament voted in 2022 to delay the elections. Prime Minister Manasseh Sogavare claimed the country could not afford to have an election in the same year the Solomon Islands were hosting the Pacific Games. The opposition condemned the delay and accused Sogavare of a power grab.