Cover IMF Staff Country Reports
Buy Book in Print
Solomon Islands: Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion
Author:
International Monetary Fund. Asia and Pacific Dept
Search for other papers by International Monetary Fund. Asia and Pacific Dept in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 012
Language:
English
Publication Date:
22 Jan 2014
DOI:
https://doi.org/10.5089/9781484374023.002
ISBN:
9781484374023
ISSN:
1934-7685
Pages:
99
Keywords:
ISCR; CR; debt; ECF arrangement; government; regime; private sector growth; Policy buffer; debt management framework; development challenge; expenditure side; Pacific Islands
Download PDF (2.3 MB) Download Epub
This Information Annex highlights that the Solomon Islands has recovered well from a precarious position during the global economic crisis. Growth has accelerated rapidly and international and fiscal reserves increased, on the back of increased logging and mining, but also owing to better fiscal management and increased international assistance. The medium-term reform agenda under the Core Economic Working Group emphasizes, among other things, strengthening of public financial management, in particular with regard to the management of natural resource revenues. Significant amounts of support have been provided to the Central Bank of Solomon Islands in formulating and implementing new prudential regulations for banks and also in developing a more robust inflation forecasting regime.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund