{
  "title": "Solomon Islands: First Review Under the Standby Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands",
  "publication": "IMF Staff Country Reports, June 29, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/index.md",
  "summary": "The First Review Under the Standby Credit Facility (SCF) discusses Solomon Islands’ satisfactory performance under the SCF-supported program, approved in December 2011.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The First Review under the Standby Credit Facility (SCF) assesses Solomon Islands’ performance under the SCF-supported program approved in December 2011.\n- The SCF arrangement is intended to be precautionary; given the current level of reserves, the authorities do not intend to draw on the IMF's resources unless an unexpected need arises.\n- Publication date: June 29, 2012."
    },
    {
      "heading": "Key findings and outlook",
      "content": "- Performance under the SCF-supported program is described as satisfactory.\n- The macroeconomic outlook is characterized as favorable, but with large near-term downside risks.\n- Substantial progress has been made toward implementing structural benchmarks."
    },
    {
      "heading": "Program implementation and structural reforms",
      "content": "- Implementation status: satisfactory program performance overall.\n- Structural benchmarks: substantial progress noted in implementing the specified benchmarks (no additional benchmark specifics provided in the source content)."
    },
    {
      "heading": "Risks and policy stance",
      "content": "- Policy stance: precautionary arrangement with no intended drawings given current reserve levels, contingent on absence of unexpected needs.\n- Risks: large near-term downside risks to the favorable outlook (no further quantification provided in the source content).\n\n---\n\n Content in this bundle\n\n- Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance\n  - Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/bundle-manifest.json)",
    "Published: June 29, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475504989.002",
    "The First Review under the Standby Credit Facility (SCF) assesses Solomon Islands’ performance under the SCF-supported program approved in December 2011.",
    "The SCF arrangement is intended to be precautionary; given the current level of reserves, the authorities do not intend to draw on the IMF's resources unless an unexpected need arises.",
    "Publication date: June 29, 2012.",
    "Performance under the SCF-supported program is described as satisfactory.",
    "The macroeconomic outlook is characterized as favorable, but with large near-term downside risks.",
    "Substantial progress has been made toward implementing structural benchmarks.",
    "Implementation status: satisfactory program performance overall.",
    "Structural benchmarks: substantial progress noted in implementing the specified benchmarks (no additional benchmark specifics provided in the source content).",
    "Policy stance: precautionary arrangement with no intended drawings given current reserve levels, contingent on absence of unexpected needs.",
    "Risks: large near-term downside risks to the favorable outlook (no further quantification provided in the source content).",
    "**Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance**"
  ],
  "related": [
    {
      "title": "Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12156.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12156.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12156.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/solomon-islands-first-review-under-the-standby-credit-facility-and-request-for-modification-26023/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T12:58:39.568Z"
}