Cover IMF Staff Country Reports
Solomon Islands: First Review Under the Stand-by Credit Facility and Request for Modification of Performance Criteria and Re-phasing of Disbursements: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 359
Language:
English
Publication Date:
14 Dec 2010
DOI:
https://doi.org/10.5089/9781455212811.002
ISBN:
9781455212811
ISSN:
1934-7685
Pages:
41
Keywords:
ISCR; CR; government; SCF arrangement; budget; expenditure prioritization; resource tax regime; liquidity management tool; fund program; Budget planning and preparation; Commercial banks; Monetary base; Global
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Generally, macroeconomic performance has been as envisaged at the time of the program request. The near-term outlook has improved, despite uncertain global conditions. The new government of Solomon Islands remains committed to program targets and objectives agreed. The government’s efforts in adhering to program fiscal targets are commendable, as the main anchor to macroeconomic stability. Excess liquidity in the banking system and commodity price pressures continue to pose inflation risks. Strong adherence to the program would help anchor macroeconomic policy and address structural weaknesses.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2010: Issue 359