Solomon Islands: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 258
Publication date: August 2004
ISBN: 9781451834345
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Public Finance , Agribusiness , ISCR , CR , government , finances , expenditure arrears , economy , government finances , government support , amortization arrears , government debt stock , Arrears , Commercial banks , Australia and New Zealand
Summary
This 2004 Article IV Consultation highlights that the government of the Solomon Islands has moved rapidly to stabilize budgetary finances since the arrival in mid-2003 of the multinational Regional Assistance Mission to the Solomon Islands (RAMSI) that has restored law and order throughout the country. The budget finished the year with a deficit of just 1½ percent of GDP, compared with 10 percent in 2002. Real GDP grew by an estimated 5 percent in 2003, helped by strong fish, copra, and cocoa production.
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