Solomon Islands: 2008 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2008/358, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2008 Article IV Consultation with Solomon Islands discusses an economic outlook that hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity. The country remains beset with poor infrastructure, land ownership issues, a shortage of skilled labor, and unreliable and costly basic services. Executive Directors recommended that the central bank seek to develop financial markets further and make greater use of interest rate mechanisms of monetary control. To avoid placing undue burden on monetary policy, fiscal policy needs to play a supportive role.

Keywords: ISCR; CR; debt; price; real GDP; GDP; reference price; PFTAC advisor; creating flow; price index; CBSI staff; sustainability analysis; Agroindustries; Inflation; Pacific Islands; Global; Australia and New Zealand; Sub-Saharan Africa; Asia and Pacific (search for similar items in EconPapers)
Pages: 62
Date: 2008-11-14
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