Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Staff Report; Press Release and Statement by the Executive Director for Solomon Islands

 
 
Publication Date: June 23, 2014
 
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Summary: This paper discusses Solomon Islands’ Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC). Program performance under the ECF arrangement has been broadly satisfactory. Reserve buffers have been rebuilt and are at a comfortable level, well above the average of other small states. All PCs for end-December, the indicative targets (ITs) for March, and the continuous PCs were met with considerable margins, except for the IT on government-funded recurrent spending on health and education, which was narrowly missed. Based on Solomon Islands’ program performance, the IMF staff recommends completion of the third review under the ECF-supported program.
 
Series: Country Report No. 14/170
Subject(s): Extended Credit Facility | Fiscal policy | Government expenditures | Infrastructure | Monetary policy | Bank supervision | Economic indicators | Staff Reports | Press releases | Performance criteria modifications | Solomon Islands

 
English
Publication Date: June 23, 2014
ISBN/ISSN: 9781498330374/1934-7685 Format: Paper
Stock No: 1SLBEA2014002 Pages: 51
Price:
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