## 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

_IMF Staff Country Reports, June 29, 2012_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [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)

## Bibliographic details
- Published: June 29, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475504989.002

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### Overview
- 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.

### Key findings and outlook
- 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.

### Program implementation and structural reforms
- 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).

### Risks and policy stance
- 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).

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## Content in this bundle

- **Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance**
  - [Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12156.pdf.md){rel="alternate" type="text/markdown"}
  - [Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12156.pdf){rel="external" type="application/pdf"}

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_Source: 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_