Solomon Islands: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, August 12, 2004
Source details
- Canonical URL
- Solomon Islands: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: August 12, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834345.002
Overview and context
- The multinational Regional Assistance Mission to the Solomon Islands (RAMSI) arrived in mid-2003 and "restored law and order throughout the country."
- Following RAMSI's arrival, the government "moved rapidly to stabilize budgetary finances."
Fiscal outcomes
- The budget finished the year with a deficit of just 1½ percent of GDP, compared with 10 percent in 2002.
Real economy and growth
- Real GDP grew by an estimated 5 percent in 2003.
- Growth was "helped by strong fish, copra, and cocoa production."
Thematic coverage (as listed)
- Arrears
- Commercial banks
- Expenditure
- External debt
- Financial institutions
- Public debt
Source: Solomon Islands: Staff Report for the 2004 Article IV Consultation, August 12, 2004.