## Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands

_IMF Staff Country Reports, June 23, 2014_

## Source details

**Canonical URL:** [Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands](https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-third-review-under-the-extended-credit-facility-arrangement-and-request-for-41671)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/solomon-islands-third-review-under-the-extended-credit-facility-arrangement-and-request-for-41671/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/solomon-islands-third-review-under-the-extended-credit-facility-arrangement-and-request-for-41671/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/solomon-islands-third-review-under-the-extended-credit-facility-arrangement-and-request-for-41671/bundle-manifest.json)

## Bibliographic details
- Published: June 23, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498330374.002

---

### Summary
- This paper discusses Solomon Islands’ Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC).
- Program performance under the ECF arrangement has been broadly satisfactory.
- Reserve buffers have been rebuilt and are at a comfortable level, well above the average of other small states.
- All PCs for end-December, the indicative targets (ITs) for March, and the continuous PCs were met with considerable margins, except for the IT on government-funded recurrent spending on health and education, which was narrowly missed.
- Based on Solomon Islands’ program performance, the IMF staff recommends completion of the third review under the ECF-supported program.

### Program performance and fiscal outcomes
- Reserve buffers rebuilt and at a comfortable level, well above the average of other small states.
- All performance criteria (PCs) for end-December met with considerable margins.
- Indicative targets (ITs) for March met with considerable margins, except:
  - IT on government-funded recurrent spending on health and education — narrowly missed.
- Continuous PCs met with considerable margins.

### Recommendations and IMF staff position
- IMF staff recommends completion of the third review under the ECF-supported program.

---

## Content in this bundle

- **_cr14170**
  - [_cr14170 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14170.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr14170 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14170.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/solomon-islands-third-review-under-the-extended-credit-facility-arrangement-and-request-for-41671_