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.
December 14, 2010
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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.
Subject: Budget planning and preparation, Commercial banks, Expenditure, Financial institutions, Monetary base, Money, Public financial management (PFM), Revenue administration
Keywords: budget, Budget planning and preparation, Commercial banks, CR, expenditure prioritization, fund program, Global, government, ISCR, liquidity management tool, Monetary base, resource tax regime, SCF arrangement
Pages:
41
Volume:
2010
DOI:
Issue:
359
Series:
Country Report No. 2010/359
Stock No:
1SLBEA2010002
ISBN:
9781455212811
ISSN:
1934-7685
