IMF Staff Country Reports

Solomon Islands : Staff Report for the 2006 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

October 23, 2006

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained. Fiscal discipline should be sustained, and a medium-term strategy developed taking into account looming pressures. The central bank’s current exchange rate policy is appropriate, but requires vigilance. Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund. Structural reforms to encourage new private sector activities should be vigorously implemented.

Series:

Country Report No. 06/362

Subject:

Article IV consultations Balance of payments Banking systems Central banks Debt service ratios Debt sustainability analysis Economic indicators Exchange rate management External debt Financial sector Fiscal policy Governance Gross domestic product Investment Public information Social indicators Solomon Islands Staff appraisals Staff Reports Statistical annexes