IMF Staff Country Reports

Solomon Islands: Selected Issues

December 19, 2011

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Solomon Islands: Selected Issues, (USA: International Monetary Fund, 2011) accessed December 9, 2024

Summary

This paper analyzes Solomon Islands’ ongoing reforms concerning of the mineral taxation regime and the fiscal impact of mineral resources. The analysis shows that mineral revenue could be substantial, provided that mineral prices remain strong in the medium term. Enforcing the tax agreement with, a Gold Ridge company, and implementing the new resource taxation regime are critical to ensure that the forthcoming mineral wealth spills over to the rest of the economy. Solomon Islands should adopt new fiscal rules and fiscal responsibility provisions to manage large but volatile resource revenue.

Subject: Consumer price indexes, Economic sectors, Environment, Exchange rates, Foreign exchange, Inflation, Mining sector, Non-renewable resources, Prices

Keywords: Asia and Pacific, Basket regime, Consumer goods price, Consumer price indexes, CR, Exchange rates, Global, Gold Ridge tax agreement, Headline inflation, Inflation, Inflation pressure, ISCR, Mineral revenue, Mining revenue, Mining sector, Monetary policy transmission mechanisms, Non-renewable resources, Pacific Islands, Revenue, Tax, Transmission mechanism

Publication Details

  • Pages:

    24

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/360

  • Stock No:

    1SLBEA2011002

  • ISBN:

    9781463929916

  • ISSN:

    1934-7685