Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands

March 5, 2018

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Format: Chicago

Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This 2017 Article IV Consultation highlights that the economy of the Solomon Islands grew by 3.5 percent in 2016 driven by a peak in the forestry sector. Growth remained solid in 2017 and is projected at 3.0 for 2018, buoyed by infrastructure spending, fisheries and agriculture, although logging production is slowing down. Inflation is contained at an annual rate of just 1.6 percent in October 2017. The current account deficit has widened a little but international reserves levels are comfortable. The fiscal deficit is expected to have reached 4.0 percent of GDP in 2017 and to widen further in 2018. The risks to the economy are on the downside with the weakening fiscal position heightening vulnerability to shocks.

Subject: Environment, Expenditure, External debt, Natural disasters, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, Australia and New Zealand, Basket peg exchange rate regime, Center, CR, Debt, Global, Government, Government finances, ISCR, Natural disasters, Pacific Islands, Private sector, Solomon Islands economy, Solomon Islands government economic reform priority

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/057
Stock No:

1SLBEA2018001
ISBN:

9781484344583
ISSN:

1934-7685

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