Solomon Islands: Staff Report for the 2005 Article IV Consultation

October 13, 2005

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Solomon Islands: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 24, 2024

Summary

The Solomon Islands’s 2005 Article IV Consultation reports that the improvement in the economic performance registered after the arrival of the Australian-led intervention force in mid-2003 has continued. The projected deterioration in the external current account reflects investment-related imports, but reserve coverage should remain comfortable. The budget is projected to record a small deficit owing to one-off factors and higher spending as capacity and wages rise. With logging set to decline from its unsustainable level, much depends on new private activities coming on stream to replace lost incomes, exports, and government revenue.

Subject: Expenditure, External debt, International trade, Public debt

Keywords: Arrears, Authority, Balance of payments, Broad money, CR, Credit growth, Current account, Deficit, Excess reserves, Financing, Imports, ISCR, Pacific Islands, Private sector, Solomon Islands debt situation, Support grant, U.S. dollar

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/365
Stock No:

1SLBEA2005002
ISBN:

9781451834369
ISSN:

1934-7685

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