IMF Staff Country Reports

Solomon Islands: Staff Report for the 2004 Article IV Consultation

Publication Date:

August 12, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation highlights that the government of the Solomon Islands has moved rapidly to stabilize budgetary finances since the arrival in mid-2003 of the multinational Regional Assistance Mission to the Solomon Islands (RAMSI) that has restored law and order throughout the country. The budget finished the year with a deficit of just 1½ percent of GDP, compared with 10 percent in 2002. Real GDP grew by an estimated 5 percent in 2003, helped by strong fish, copra, and cocoa production.

Series:

Country Report No. 2004/258

Subject:

Arrears Commercial banks Expenditure External debt Financial institutions Public debt