Solomon Islands: Staff Report for the 2006 Article IV Consultation
October 23, 2006
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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.
Subject: Arrears, Budget planning and preparation, Expenditure, External debt, Imports, International trade, Public debt, Public financial management (PFM)
Keywords: Arrears, Australia and New Zealand, broad money, Budget planning and preparation, CR, discussions of article IV consultation, excess reserves, exchange rate, FDI flow, GDP, government, government decision, government deposit, government policy, Imports, ISCR, Pacific Islands, private sector, reform orientation, reserve, spending, U.S. dollar
Pages:
63
Volume:
2006
DOI:
Issue:
362
Series:
Country Report No. 2006/362
Stock No:
1SLBEA2006001
ISBN:
9781451834376
ISSN:
1934-7685
