Solomon Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands

January 21, 2022

Preview Citation

Format: Chicago

Solomon Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands, (USA: International Monetary Fund, 2022) accessed December 22, 2024

Summary

Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is projected to recover gradually starting this year and to gain strength as containment measures are relaxed and borders re-opened. Elevated pandemic-related uncertainties as well as longstanding social, economic and governance challenges and vulnerability to natural disasters pose headwinds to inclusive growth. Despite strong external buffers, weaker fiscal position increases vulnerability to shocks, while the decline in logging weighs on fiscal revenues and growth prospects.

Subject: COVID-19, Economic and financial statistics, Expenditure, External debt, External sector statistics, Health, International organization, Monetary policy, Public debt

Keywords: CBSI data, COVID expenditure, COVID-19, External sector statistics, Financing gap, Global, IMF executive board staff, Land mass, Pacific Islands

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/014
Stock No:

1SLBEA2022001
ISBN:

9798400200106
ISSN:

1934-7685

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