{
  "title": "Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands",
  "publication": "IMF Staff Country Reports, March 5, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/03/05/solomon-islands-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45671",
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  "summary": "This 2017 Article IV Consultation highlights that the economy of the Solomon Islands grew by 3.5 percent in 2016 driven by a peak in the forestry sector. Growth remained solid in 2017 and is projected at 3.",
  "sections": [
    {
      "heading": "Economic performance and outlook",
      "content": "- Economy grew by 3.5 percent in 2016, driven by a peak in the forestry sector.\n- Growth remained solid in 2017.\n- Growth is projected at 3.0 for 2018, buoyed by infrastructure spending, fisheries and agriculture, although logging production is slowing down."
    },
    {
      "heading": "Inflation, external sector, and reserves",
      "content": "- Inflation is contained at an annual rate of just 1.6 percent in October 2017.\n- The current account deficit has widened a little.\n- International reserves levels are comfortable."
    },
    {
      "heading": "Fiscal position and risks",
      "content": "- The fiscal deficit is expected to have reached 4.0 percent of GDP in 2017 and to widen further in 2018.\n- Risks to the economy are on the downside, with the weakening fiscal position heightening vulnerability to shocks."
    },
    {
      "heading": "Thematic coverage and keywords",
      "content": "- Subject areas: Environment; Expenditure; External debt; Natural disasters; Public debt; Public financial management (PFM).\n- Keywords include: Asia and Pacific; Australia and New Zealand; basket peg exchange rate regime; center; CR; debt; Global; government; government finances; ISCR; Natural disasters; Pacific Islands; private sector; Solomon Islands economy; Solomon Islands government economic reform priority.\n\nSource: Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands (IMF Staff Country Reports, March 5, 2018).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 5, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484344583.002",
    "Economy grew by 3.5 percent in 2016, driven by a peak in the forestry sector.",
    "Growth remained solid in 2017.",
    "Growth is projected at 3.0 for 2018, buoyed by infrastructure spending, fisheries and agriculture, although logging production is slowing down.",
    "Inflation is contained at an annual rate of just 1.6 percent in October 2017.",
    "The current account deficit has widened a little.",
    "International reserves levels are comfortable.",
    "The fiscal deficit is expected to have reached 4.0 percent of GDP in 2017 and to widen further in 2018.",
    "Risks to the economy are on the downside, with the weakening fiscal position heightening vulnerability to shocks.",
    "Subject areas: Environment; Expenditure; External debt; Natural disasters; Public debt; Public financial management (PFM).",
    "Keywords include: Asia and Pacific; Australia and New Zealand; basket peg exchange rate regime; center; CR; debt; Global; government; government finances; ISCR; Natural disasters; Pacific Islands; private sector; Solomon Islands economy; Solomon Islands government economic reform priority.",
    "**Country Report**"
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