Solomon Islands: Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion

January 22, 2014

Preview Citation

Format: Chicago

Solomon Islands: Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion, (USA: International Monetary Fund, 2014) accessed November 8, 2024

Summary

This Information Annex highlights that the Solomon Islands has recovered well from a precarious position during the global economic crisis. Growth has accelerated rapidly and international and fiscal reserves increased, on the back of increased logging and mining, but also owing to better fiscal management and increased international assistance. The medium-term reform agenda under the Core Economic Working Group emphasizes, among other things, strengthening of public financial management, in particular with regard to the management of natural resource revenues. Significant amounts of support have been provided to the Central Bank of Solomon Islands in formulating and implementing new prudential regulations for banks and also in developing a more robust inflation forecasting regime.

Subject: Banking, Expenditure, External debt, National accounts, Public debt, Public financial management (PFM)

Keywords: CR, Debt, Debt management framework, Development challenge, ECF arrangement, Expenditure side, Government, ISCR, Pacific Islands, Policy buffer, Private sector growth, Regime

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/012
Stock No:

1SLBEA2014001
ISBN:

9781484374023
ISSN:

1934-7685

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