IMF Staff Country Reports

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

Publication Date:

November 14, 2008

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2008/358

Subject:

Agroindustries Balance of payments statistics Economic sectors External debt Health Inflation Prices Public debt