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Solomon Islands: Staff Report for the 2006 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 362
Language:
English
Publication Date:
23 Oct 2006
DOI:
https://doi.org/10.5089/9781451834376.002
ISBN:
9781451834376
ISSN:
1934-7685
Pages:
63
Keywords:
ISCR; CR; government; reserve; FDI flow; GDP; spending; government decision; private sector; exchange rate; U.S. dollar; reform orientation; broad money; government policy; government deposit; excess reserves; discussions of article IV consultation; Imports; Arrears; Budget planning and preparation; Pacific Islands; Australia and New Zealand
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Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained. Fiscal discipline should be sustained, and a medium-term strategy developed taking into account looming pressures. The central bank’s current exchange rate policy is appropriate, but requires vigilance. Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund. Structural reforms to encourage new private sector activities should be vigorously implemented.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund