Solomon Islands: Recent Economic Developments

International Monetary Fund

No 1996/074, IMF Staff Country Reports from International Monetary Fund

Abstract: This report describes economic developments in the Solomon Islands during the 1990s. Developments in the real sector were dominated by a broad-based export boom, which stemmed, in large part, from a continuing increase in the rate of extraction of forestry resources. Although economic growth was spurred by surging fish exports in 1994–95, logging also made a significant contribution to growth, with log exports rising to a new record in 1995. Inflation eased somewhat in 1995, reflecting slowing import price increases and an increasing supply of local food crops.

Keywords: ISCR; CR; export; commercial bank; interest rate; log export; rate; liquid asset; export tax receipt; export boom; public finance; rate of inflation; outstanding balance; narrow money; market loan rate; fish export; Agroindustries; Commercial banks; Exports; Pacific Islands (search for similar items in EconPapers)
Pages: 73
Date: 1996-08-26
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