Solomon Islands: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
September 7, 2007
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This 2007 Article IV Consultation highlights that real GDP growth of Solomon Islands rose to an estimated 6 percent in 2006, driven by fish, palm oil production, and services. However, it is expected to ease to 5½ percent in 2007, as a further escalation in logging will be likely offset by lower growth of fish and traditional crops. With the natural forest expected to be depleted within the next few years, structural reforms are necessary to generate higher sustainable growth, raise living standards, and reduce the economy’s vulnerability to shocks.
Subject: Agroindustries, Economic sectors, Education, Expenditure, Health, Imports, International trade, Public debt
Keywords: Agroindustries, Asia and Pacific, CBSI staff, CR, credit growth, East Asia, GDP, Global, government, IMF staff estimate, Imports, inflation, ISCR, Pacific Islands, PFTAC advisor, PFTAC mission, prototype government finance statistics system, Sub-Saharan Africa
Pages:
72
Volume:
2007
DOI:
Issue:
304
Series:
Country Report No. 2007/304
Stock No:
1SLBEA2007002
ISBN:
9781451951653
ISSN:
1934-7685
