Solomon Islands : First Review Under the Extended Credit Facility Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands

Publication Date: August 02, 2013
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Summary: This paper discusses Solomon Islands’ First Review Under the Extended Credit Facility (ECF) Arrangement. The three-year arrangement under the ECF is on track. All December 2012 and continuous performance criteria have been met, except for the cash balance floor, which was temporarily missed by a small amount. The indicative target on health and education for December 2012 was also missed by a very small margin. The IMF staff recommends completion of the review and supports the authorities’ request for a waiver of the nonobservance of the cash balance floor at end-December, and the modification of end-June 2013 performance criteria.
Series: Country Report No. 13/249
Subject(s): Extended Credit Facility | Economic growth | Fiscal policy | Fiscal reforms | Financial sector | Monetary policy | Staff Reports | Press releases | Solomon Islands

Publication Date: August 02, 2013
ISBN/ISSN: 9781484372906/1934-7685 Format: Paper
Stock No: 1SLBEA2013001 Pages: 46
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