## Solomon Islands: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands

_IMF Staff Country Reports, February 25, 2025_

## Source details

**Canonical URL:** [Solomon Islands: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands](https://www.imf.org/en/publications/cr/issues/2025/02/25/solomon-islands-2024-article-iv-consultation-press-release-staff-report-and-statement-by-562652)

## Other formats

- [Markdown version](/en/publications/cr/issues/2025/02/25/solomon-islands-2024-article-iv-consultation-press-release-staff-report-and-statement-by-562652/index.md)
- [Structured JSON version](/en/publications/cr/issues/2025/02/25/solomon-islands-2024-article-iv-consultation-press-release-staff-report-and-statement-by-562652/index.json)
- [Bundle manifest](/en/publications/cr/issues/2025/02/25/solomon-islands-2024-article-iv-consultation-press-release-staff-report-and-statement-by-562652/bundle-manifest.json)

## Bibliographic details
- Published: February 25, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229002639.002

---

### Summary and context
- The 2024 Article IV Consultation discusses that Solomon Islands has weathered important shocks including civil unrest and the pandemic, successfully hosted the Pacific Games, and conducted peaceful general elections.
- While IMF expects continued modest growth in 2024 and 2025, medium-term growth prospects appear moderate and fiscal and current account deficits are expected to persist.
- Now is the time for the authorities to advance reforms to tackle the perennial challenge of stagnant per-capita income growth, while ensuring fiscal sustainability and resilience.

### Growth and outlook
- Continued modest growth is expected in 2024 and 2025.
- Medium-term growth prospects appear moderate.
- Fiscal and current account deficits are expected to persist.

### Fiscal policy, public financial management, and data
- There is an urgent need to enhance the effectiveness of fiscal policy by addressing fundamental weaknesses in fiscal data and public financial management.
- A financing gap in the budget proposal should be eliminated.

### Monetary policy
- The monetary policy stance is appropriate and should remain data dependent.

### Sectoral opportunities and productivity
- There is scope for significant productivity gains in the agriculture and fisheries sectors through targeted mechanization and improved connectivity in rural areas.

### Governance, anticorruption, and natural resources
- Concrete measures are needed to strengthen the capacity of anticorruption institutions.
- Governance weaknesses in the forestry and mining sectors need to be addressed.

### Policy recommendations (high-level)
- Advance reforms to raise per-capita income and ensure fiscal sustainability and resilience.
- Eliminate the financing gap in the budget proposal.
- Improve fiscal data and public financial management systems.
- Maintain a data-dependent monetary policy stance.
- Promote targeted mechanization and improved rural connectivity to boost agriculture and fisheries productivity.
- Strengthen anticorruption institutions and governance in forestry and mining sectors.

---

## Content in this bundle

- **Hosting the 2023 Pacific Games: Benefits and Costs**
  - [Hosting the 2023 Pacific Games: Benefits and Costs (Markdown version)](/-/media/files/publications/cr/2025/english/1slbea2025001-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Hosting the 2023 Pacific Games: Benefits and Costs (PDF)](/-/media/files/publications/cr/2025/english/1slbea2025001-print-pdf.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2025/02/25/solomon-islands-2024-article-iv-consultation-press-release-staff-report-and-statement-by-562652_