Resident Representative Office in the Pacific Islands
This web page presents information about the work of the IMF in Pacific Islands Countries, including the activities of the IMF Regional Resident Representative Office based in Suva, Fiji. Additional information can be found on the IMF country pages for Fiji, Kiribati, Marshall Islands, Micronesia, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu, including IMF reports and Executive Board documents that deal with issues in Pacific Island Countries.
News — Highlights
Pacific Island Countries (PICs): Key Macro Challenges and Linkages to the Technical Assistance (TA) Program
Pacific Islands and the IMF
Solomon Islands : 2016 Article IV Consultation and Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands
March 23, 2016
Series: Country Report No. 16/90
March 23, 2016
Series: Country Report No. 16/91
Press Release: IMF Executive Board Completes the Fifth and Sixth Reviews Under an ECF Arrangement with Solomon Islands, Approves SDR 0.297 Million (US$ 0.42 million) Disbursement
Regional Economic Outlook: Asia and Pacific
While Asia's growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015-16, remaining the global growth leader. Asia's growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China's demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia's growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth.