Solomon Islands: Staff Report for the 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 362

Publication date: October 2006

ISBN: 9781451834376

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , 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

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

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.