Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands

June 23, 2014

Preview Citation

Format: Chicago

Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands, (USA: International Monetary Fund, 2014) accessed November 25, 2024

Summary

This paper discusses Solomon Islands’ Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC). Program performance under the ECF arrangement has been broadly satisfactory. Reserve buffers have been rebuilt and are at a comfortable level, well above the average of other small states. All PCs for end-December, the indicative targets (ITs) for March, and the continuous PCs were met with considerable margins, except for the IT on government-funded recurrent spending on health and education, which was narrowly missed. Based on Solomon Islands’ program performance, the IMF staff recommends completion of the third review under the ECF-supported program.

Subject: Budget planning and preparation, Currencies, Expenditure, External debt, Money, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Currencies, ECF arrangement, ECF program, Government, Growth outlook, IMF team, ISCR, Pacific Islands, Solomon Islands government

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/170
Stock No:

1SLBEA2014002
ISBN:

9781498330374
ISSN:

1934-7685

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