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International Monetary Fund
In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.
International Monetary Fund. Asia and Pacific Dept
This report describes Solomon Islands’ macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major source of financing. Solomon Islands’ government Medium Term Development Plan (MTDP) 2016–20 sets out development programs and projects supporting the draft National Development Strategy (NDS) 2016–35 objectives. The MTDP is rolling out five-year plan, revised annually, comprising development programs and projects. The MTDP effectively addresses key issues of the economy which are as follows: existing poverty situation and trends, factors influencing poverty, strategies and policies for poverty reduction, fiscal and debt framework, and safety nets and risk mitigation.
International Monetary Fund. Asia and Pacific Dept

This 2013 Article IV Consultation highlights that economic growth in Solomon Islands is slowly rebounding from the slowdown of the first half of 2013, when agriculture, logging, and gold production fell, owing mainly to unfavorable weather developments, lower terms of trade, and one-off factors. Real GDP growth is projected at 2.9 percent for 2013 and 4 percent for 2014. Risks are tilted to the downside, including from lower external demand and grants. Inflation has stabilized at about 6.5 percent and is expected to fall gradually as agricultural prices react to the recovery of production.

International Monetary Fund
The 2008 Article IV Consultation with Solomon Islands discusses an economic outlook that hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity. The country remains beset with poor infrastructure, land ownership issues, a shortage of skilled labor, and unreliable and costly basic services. Executive Directors recommended that the central bank seek to develop financial markets further and make greater use of interest rate mechanisms of monetary control. To avoid placing undue burden on monetary policy, fiscal policy needs to play a supportive role.
International Monetary Fund
This 2007 Article IV Consultation highlights that real GDP growth of Solomon Islands rose to an estimated 6 percent in 2006, driven by fish, palm oil production, and services. However, it is expected to ease to 5½ percent in 2007, as a further escalation in logging will be likely offset by lower growth of fish and traditional crops. With the natural forest expected to be depleted within the next few years, structural reforms are necessary to generate higher sustainable growth, raise living standards, and reduce the economy’s vulnerability to shocks.