## Solomon Islands: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Solomon Islands

_IMF Staff Country Reports, February 18, 2020_

## Source details

**Canonical URL:** [Solomon Islands: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Solomon Islands](https://www.imf.org/en/publications/cr/issues/2020/02/18/solomon-islands-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-49060)

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## Bibliographic details
- Published: February 18, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513530567.002

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### Progress, vulnerabilities, and growth outlook
- The country "has made substantial progress since the Tensions in the early 2000s" but "faces considerable economic and governance challenges and is highly vulnerable to natural disasters."
- "Finding new sources of growth is becoming urgent with the decline in logging."
- Consultation themes echoed prior year concerns: "restoring fiscal buffers to build resilience, strengthening public financial management and public investment management, setting a medium-term fiscal strategy, improving governance, improving exchange rate management and building conditions for sustainable growth."

### Fiscal policy and medium-term strategy
- Report recommends "developing a holistic approach to medium-term fiscal policy by setting a realistic spending envelope and establishing a medium-term revenue strategy."
- Combined with "strengthened budget planning and expenditure control," these steps would "provide greater budget predictability and support natural disaster contingency planning."

### Public financial management and public investment
- Priorities include "strengthening public financial management and public investment management."
- Emphasis on budget predictability and expenditure control to support contingency planning for natural disasters.

### Governance, transparency, and anti-corruption
- It is "imperative to strengthen enforcement of governance standards."
- Recommendations include applying "the mining fiscal regime rigorously," improving transparency, and advancing "the anti-corruption agenda."

### Exchange rate management and conditions for sustainable growth
- The consultation calls for "improving exchange rate management and building conditions for sustainable growth."

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_Source: https://www.imf.org/en/publications/cr/issues/2020/02/18/solomon-islands-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-49060_