{
  "title": "Solomon Islands: Staff Report for the 2006 Article IV Consultation",
  "publication": "IMF Staff Country Reports, October 23, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-staff-report-for-the-2006-article-iv-consultation-20007",
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  "summary": "Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained. Fiscal discipline should be sustained, and a medium-term strategy developed taking into account looming pressures.",
  "sections": [
    {
      "heading": "Growth and financial stability",
      "content": "- Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained."
    },
    {
      "heading": "Fiscal policy and medium-term strategy",
      "content": "- Fiscal discipline should be sustained.\n- A medium-term strategy should be developed taking into account looming pressures."
    },
    {
      "heading": "Exchange rate policy",
      "content": "- The central bank’s current exchange rate policy is appropriate, but requires vigilance."
    },
    {
      "heading": "Financial system soundness",
      "content": "- Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund."
    },
    {
      "heading": "Structural reforms and private sector",
      "content": "- Structural reforms to encourage new private sector activities should be vigorously implemented."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Arrears, Budget planning and preparation, Expenditure, External debt, Imports, International trade, Public debt, Public financial management (PFM)\n- Keywords: Arrears, Australia and New Zealand, broad money, Budget planning and preparation, CR, discussions of article IV consultation, excess reserves, exchange rate, FDI flow, GDP, government, government decision, government deposit, government policy, Imports, ISCR, Pacific Islands, private sector, reform orientation, reserve, spending, U.S. dollar\n\nIMF Staff Country Report No. 2006/362; Pages: 63; Volume: 2006; DOI: https://doi.org/10.5089/9781451834376.002\n\n---\n\n Content in this bundle\n\n- cr06362\n  - cr06362 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06362 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 23, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451834376.002",
    "Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained.",
    "Fiscal discipline should be sustained.",
    "A medium-term strategy should be developed taking into account looming pressures.",
    "The central bank’s current exchange rate policy is appropriate, but requires vigilance.",
    "Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund.",
    "Structural reforms to encourage new private sector activities should be vigorously implemented.",
    "Subject: Arrears, Budget planning and preparation, Expenditure, External debt, Imports, International trade, Public debt, Public financial management (PFM)",
    "Keywords: Arrears, Australia and New Zealand, broad money, Budget planning and preparation, CR, discussions of article IV consultation, excess reserves, exchange rate, FDI flow, GDP, government, government decision, government deposit, government policy, Imports, ISCR, Pacific Islands, private sector, reform orientation, reserve, spending, U.S. dollar",
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