Solomon Islands: First Review Under the Standby Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.

June 29, 2012

Preview Citation

Format: Chicago

Solomon Islands: First Review Under the Standby Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands., (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

The First Review Under the Standby Credit Facility (SCF) discusses Solomon Islands’ satisfactory performance under the SCF-supported program, approved in December 2011. The current arrangement is intended to be precautionary and, given the current level of reserves, the authorities do not intend to draw on the IMF's resources unless an unexpected need arises. The outlook remains favorable, but with large near-term downside risks. Substantial progress has been made toward implementing structural benchmarks.

Subject: Credit, Currencies, Expenditure, Fiscal policy, Fiscal stance, Imports, International trade, Money, Revenue administration

Keywords: Asia and Pacific, Australia and New Zealand, CR, Currencies, Firm program implementation, Fiscal stance, GDP, Global, Government, IMF staff estimate, Implementation, Imports, Inflation risk, ISCR, Monetary policy effectiveness, Policy buffer, Request

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/156
Stock No:

1SLBEA2012001
ISBN:

9781475504989
ISSN:

1934-7685

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