Solomon Islands: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/362, IMF Staff Country Reports from International Monetary Fund

Abstract: Since the intervention of the Regional Assistance Mission to the Solomon Islands, growth has rebounded, and financial stability has been maintained. Fiscal discipline should be sustained, and a medium-term strategy developed taking into account looming pressures. The central bank’s current exchange rate policy is appropriate, but requires vigilance. Financial system soundness should be strengthened by liquidating the development bank, and raising the profitability of the National Provident Fund. Structural reforms to encourage new private sector activities should be vigorously implemented.

Keywords: ISCR; CR; government; reserve; FDI flow; GDP; spending; government decision; private sector; exchange rate; U.S. dollar; reform orientation; broad money; government policy; government deposit; excess reserves; discussions of article IV consultation; Imports; Arrears; Budget planning and preparation; Pacific Islands; Australia and New Zealand (search for similar items in EconPapers)
Pages: 63
Date: 2006-10-23
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