## Solomon Islands: Second Review Under the Standby Credit Facility and Request for a Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.

_IMF Staff Country Reports, December 12, 2012_

## Source details

**Canonical URL:** [Solomon Islands: Second Review Under the Standby Credit Facility and Request for a Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplement; 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-second-review-under-the-standby-credit-facility-and-request-for-a-three-year-40165)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/solomon-islands-second-review-under-the-standby-credit-facility-and-request-for-a-three-year-40165/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/solomon-islands-second-review-under-the-standby-credit-facility-and-request-for-a-three-year-40165/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/solomon-islands-second-review-under-the-standby-credit-facility-and-request-for-a-three-year-40165/bundle-manifest.json)

## Bibliographic details
- Published: December 12, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475582796.002

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### Macroeconomic assessment and outlook
- The paper is an account of the economic conditions of the Solomon Islands.
- The macroeconomic situation has shown a considerable expansion in recent years with the external buffers intact.
- The IMF staff expects only a moderate performance in 2013 and 2014 owing to the euro area crisis.
- The state has prepared for downside risks and approaches the macroeconomic circumstances with a positive outlook.
- The Executive Board admires the efforts of the Islands.

### Program and policy context
- Covers the Second Review Under the Standby Credit Facility and a request for a Three-Year Arrangement Under the Extended Credit Facility.
- Identified subject areas: Budget planning and preparation; Credit; Expenditure; External debt; Fiscal policy; Fiscal stance; Public debt; Public financial management (PFM).

### Key thematic findings and emphases
- Continued expansion of the economy in recent years.
- External buffers described as intact.
- Cautionary stance due to external risks, specifically the euro area crisis, leading to moderated growth expectations for 2013 and 2014.
- Positive policy orientation and preparation for downside risks noted by IMF staff and commended by the Executive Board.

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## Content in this bundle

- **Box 1.  Solomon Islands: Reducing Pro-cyclical Bias in Fiscal Policy**
  - [Box 1.  Solomon Islands: Reducing Pro-cyclical Bias in Fiscal Policy (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12333.pdf.md){rel="alternate" type="text/markdown"}
  - [Box 1.  Solomon Islands: Reducing Pro-cyclical Bias in Fiscal Policy (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12333.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-second-review-under-the-standby-credit-facility-and-request-for-a-three-year-40165_