The Solomon Islands: 2009 Article IV Consultation: Staff Report; Staff Statement; Supplement to the Staff Report; Public Information Notice; Statement by the Executive Director for the Solomon Islands
IMF Staff Country Reports, November 3, 2009
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- Canonical URL
- The Solomon Islands: 2009 Article IV Consultation: Staff Report; Staff Statement; Supplement to the Staff Report; Public Information Notice; Statement by the Executive Director for the Solomon Islands
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Bibliographic details
- Published: November 3, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834420.002
Economic conditions and growth
- Real GDP growth is projected at 0.4 percent in 2009, compared with 6.9 percent in 2008.
- Economic conditions weakened in 2009 owing to the effects of the global recession and a logging sector decline.
- Subject areas noted: Commercial banks, Economic sectors, External debt, Financial institutions, Public sector.
Inflation and prices
- Inflation pressures have eased substantially, mainly owing to lower fuel and food prices.
Fiscal situation and risks
- Executive Directors advised the authorities to address the increasingly unsustainable fiscal situation.
- Key fiscal risks include:
- Possible permanent losses in logging-related revenues.
- Relatively large expenditure outlays.
- Government financing constraints.
Key publication metadata (excerpted)
- Pages: 63
- Volume: 2009
- Issue: 309
- Series: Country Report No. 2009/309
- DOI: https://doi.org/10.5089/9781451834420.002
- ISBN: 9781451834420
- ISSN: 1934-7685
Source: IMF Staff Country Report No. 2009/309 (2009).