Solomon Islands: Request for an Extension of the Arrangement Under the Extended Credit Facility; Press Release; and Staff Report

December 23, 2015

Preview Citation

Format: Chicago

Solomon Islands: Request for an Extension of the Arrangement Under the Extended Credit Facility; Press Release; and Staff Report, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This paper discusses Solomon Islands’ Request for an Extension of the Arrangement Under the Extended Credit Facility (ECF). All end-December 2014 performance criteria (PCs), indicative targets (ITs) for March 2015, and end-June 2015 PCs have been met by a considerable margin, with the exception of the ITs on government-funded recurrent spending on health and education, which have been consistently missed since 2014 albeit by a small margin. September 2015 available data indicate that ITs on international reserves, net domestic assets at the Central Bank, and net credit to the government have been comfortably met. The authorities remain committed to macroeconomic stability and completion of the reviews.

Subject: Credit, Macrostructural analysis, Money, Structural reforms

Keywords: CR, Credit, ECF arrangement, Extension of the Extended Credit Facility, IMF team, IMF's executive board, ISCR, Solomon Islands' Extended Credit Facility, Structural reforms

Publication Details

Pages:

4
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/352
Stock No:

1SLBEA2015002
ISBN:

9781498344869
ISSN:

1934-7685

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