{
  "title": "Solomon Islands: 2008 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, November 14, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-2008-article-iv-consultation-staff-report-staff-supplement-public-22490",
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  "summary": "The 2008 Article IV Consultation with Solomon Islands discusses an economic outlook that hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity.",
  "sections": [
    {
      "heading": "Economic outlook and central finding",
      "content": "- The economic outlook hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity.\n- Executive Directors recommended that the central bank seek to develop financial markets further and make greater use of interest rate mechanisms of monetary control.\n- To avoid placing undue burden on monetary policy, fiscal policy needs to play a supportive role."
    },
    {
      "heading": "Binding constraints and structural issues",
      "content": "- Poor infrastructure.\n- Land ownership issues.\n- Shortage of skilled labor.\n- Unreliable and costly basic services."
    },
    {
      "heading": "Policy recommendations and institutional advice",
      "content": "- Develop nonlogging sources of growth and exports to compensate for declining logging activity.\n- Central bank actions:\n  - Develop financial markets further.\n  - Make greater use of interest rate mechanisms of monetary control.\n- Fiscal policy:\n  - Play a supportive role to avoid placing undue burden on monetary policy."
    },
    {
      "heading": "Thematic coverage and keywords",
      "content": "- Subject areas: Agroindustries, Balance of payments statistics, Economic sectors, External debt, Health, Inflation, Prices, Public debt.\n- Keywords: Agroindustries, Asia and Pacific, Australia and New Zealand, CBSI staff, CR, creating flow, debt, GDP, Global, Inflation, ISCR, Pacific Islands, PFTAC advisor, price, price index, real GDP, reference price, Sub-Saharan Africa, sustainability analysis.\n\n---\n\n Content in this bundle\n\n- cr08358\n  - cr08358 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08358 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 14, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451834406.002",
    "The economic outlook hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity.",
    "Executive Directors recommended that the central bank seek to develop financial markets further and make greater use of interest rate mechanisms of monetary control.",
    "To avoid placing undue burden on monetary policy, fiscal policy needs to play a supportive role.",
    "Poor infrastructure.",
    "Land ownership issues.",
    "Shortage of skilled labor.",
    "Unreliable and costly basic services.",
    "Develop nonlogging sources of growth and exports to compensate for declining logging activity.",
    "Central bank actions:",
    "Fiscal policy:",
    "Subject areas: Agroindustries, Balance of payments statistics, Economic sectors, External debt, Health, Inflation, Prices, Public debt.",
    "Keywords: Agroindustries, Asia and Pacific, Australia and New Zealand, CBSI staff, CR, creating flow, debt, GDP, Global, Inflation, ISCR, Pacific Islands, PFTAC advisor, price, price index, real GDP, reference price, Sub-Saharan Africa, sustainability analysis.",
    "**_cr08358**"
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