Solomon Islands: 2011 Article IV Consultation, Third Review Under the Stand-by Credit Facility, and Request for Arrangement Under the Stand-by Credit Facility: Staff Report; Staff Supplements; Public Information Notice and Press Releases; and Statement by the Executive Director for Solomon Islands

International Monetary Fund

No 2011/359, IMF Staff Country Reports from International Monetary Fund

Abstract: Solomon Islands’ economy has rebounded from the 2008–09 global financial crisis. An 18-month Standby Credit Facility has been approved in June 2010 and succeeded in restoring macroeconomic and financial stability. A new resource taxation regime is the key to reap the benefits from natural resource wealth and ensure that the government receives a fair share of mining revenue. Reforms of mining legislation should be a key part of a broader set of measures to improve the investment climate and the regulatory framework.

Keywords: ISCR; CR; staff appraisal; debt; SCF arrangement; SCF-supported program; mining legislation; resource taxation regime; Solomon Islands' economy; Fiscal stance; Credit; Global; Pacific Islands; Australia and New Zealand (search for similar items in EconPapers)
Pages: 95
Date: 2011-12-19
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