Solomon Islands: First Review Under the Stand-by Credit Facility and Request for Modification of Performance Criteria and Re-phasing of Disbursements: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.
Electronic Access:
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Summary:
Generally, macroeconomic performance has been as envisaged at the time of the program request. The near-term outlook has improved, despite uncertain global conditions. The new government of Solomon Islands remains committed to program targets and objectives agreed. The government’s efforts in adhering to program fiscal targets are commendable, as the main anchor to macroeconomic stability. Excess liquidity in the banking system and commodity price pressures continue to pose inflation risks. Strong adherence to the program would help anchor macroeconomic policy and address structural weaknesses.
Series:
Country Report No. 2010/359
Subject:
Budget planning and preparation Commercial banks Expenditure Financial institutions Monetary base Money Public financial management (PFM) Revenue administration
English
Publication Date:
December 14, 2010
ISBN/ISSN:
9781455212811/1934-7685
Stock No:
1SLBEA2010002
Pages:
41
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