Solomon Islands: First Review Under the Extended Credit Facility Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands

International Monetary Fund

No 2013/249, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Solomon Islands’ First Review Under the Extended Credit Facility (ECF) Arrangement. The three-year arrangement under the ECF is on track. All December 2012 and continuous performance criteria have been met, except for the cash balance floor, which was temporarily missed by a small amount. The indicative target on health and education for December 2012 was also missed by a very small margin. The IMF staff recommends completion of the review and supports the authorities’ request for a waiver of the nonobservance of the cash balance floor at end-December, and the modification of end-June 2013 performance criteria.

Keywords: ISCR; CR; government; balance; IMF staff estimate; land access regime; cash balance; SOE borrowing; ECF-supported program; Credit; International reserves; Imports; Pacific Islands; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 46
Date: 2013-08-02
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