Solomon Islands: Second Review Under the Standby Credit Facility and Request for a Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands

International Monetary Fund

No 2012/333, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper is an account of the economic conditions of the Solomon Islands. The macroeconomic situation has shown a considerable expansion in recent years with the external buffers intact. Although the Islands have shown good growth, the IMF staff expects only a moderate performance in 2013 and 2014 owing to the euro area crisis. However, the state has prepared for any downside risks, and approaches the macroeconomic circumstances with a positive outlook. The Executive Board admires the efforts of the Islands.

Keywords: ISCR; CR; ECF-supported program; amount equivalent to SDR; Three-Year arrangement under the Extended Credit Facility; firm program implementation; Standby Credit Facility arrangement; currency basket regime; Fiscal stance; Budget planning and preparation; Global; Pacific Islands (search for similar items in EconPapers)
Pages: 67
Date: 2012-12-12
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