Solomon Islands: Request for an Arrangement Under the Standby Credit Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands

July 8, 2010

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Format: Chicago

Solomon Islands: Request for an Arrangement Under the Standby Credit Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands, (USA: International Monetary Fund, 2010) accessed November 25, 2024

Summary

The effects of the global recession and decline in logging have undermined macroeconomic stability in the Solomon Islands. The government’s program offers a basis for resuming strong growth in a low inflation environment, helping to advance poverty alleviation efforts and achieve other development objectives. The current monetary policy stance is broadly appropriate, with monetary targets sufficiently accommodative to support economic recovery. Sound steps toward strong financial sector policy have been taken. The program, while not without risk, is well focused and sufficiently ambitious.

Subject: Budget planning and preparation, Commercial banks, Credit, Currencies, Expenditure, Financial institutions, International reserves, Money, Public financial management (PFM)

Keywords: Budget planning and preparation, Commercial banks, CR, Credit, Currencies, Development partner, Economic reform program, Global, Government, Government finances, Inflation risk, ISCR, Monetary policy operation, SDR, Spending

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/198
Stock No:

1SLBEA2010001
ISBN:

9781455207657
ISSN:

1934-7685

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