IMF Staff Country Reports

Solomon Islands: Staff Report for the 2006 Article IV Consultation

October 23, 2006

Download PDF

Preview Citation

Format: Chicago

Solomon Islands: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained. Fiscal discipline should be sustained, and a medium-term strategy developed taking into account looming pressures. The central bank’s current exchange rate policy is appropriate, but requires vigilance. Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund. Structural reforms to encourage new private sector activities should be vigorously implemented.

Subject: Arrears, Budget planning and preparation, Expenditure, External debt, Imports, International trade, Public debt, Public financial management (PFM)

Keywords: Arrears, Australia and New Zealand, Broad money, Budget planning and preparation, CR, Discussions of article IV consultation, Excess reserves, Exchange rate, FDI flow, GDP, Government, Government decision, Government deposit, Government policy, Imports, ISCR, Pacific Islands, Private sector, Reform orientation, Reserve, Spending, U.S. dollar

Publication Details

  • Pages:

    63

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/362

  • Stock No:

    1SLBEA2006001

  • ISBN:

    9781451834376

  • ISSN:

    1934-7685