Solomon Islands : First Review Under the Standby Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/156

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Solomon Islands.

Fiscal policy.

Solomon Islands--Economic conditions.

Solomon Islands.

Physical Description:

1 online resource (46 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

The First Review Under the Standby Credit Facility (SCF) discusses Solomon Islands’ satisfactory performance under the SCF-supported program, approved in December 2011. The current arrangement is intended to be precautionary and, given the current level of reserves, the authorities do not intend to draw on the IMF's resources unless an unexpected need arises. The outlook remains favorable, but with large near-term downside risks. Substantial progress has been made toward implementing structural benchmarks.

Contents:

Cover; Contents; I. Recent Developments and Outlook; II. Program Performance; III. Policy Discussions: Rebuilding Policy Buffers and Ensuring Broad-Based Growth; A. Fiscal Policy; B. Monetary and Exchange Rate Policies; Box 1. Assessing the Fiscal Stance in Solomon Islands: The Role of the Structural Fiscal Balance; C. Safeguarding Financial Sector Stability; V. Program Discussions and Monitoring, and Other Issues; VI. Staff Appraisal; Figures; 1. From Crisis to Recovery-Rebuilding Policy Buffers; 2. Macroeconomic Developments and Outlook; Tables; 1. Selected Economic Indicators, 2009-13

2. Balance of Payments, 2009-173. Summary of Fiscal Accounts, 2009-13; 4. Medium-Term Baseline Scenario, 2009-17; 5. Summary Accounts of the Banking System, December 2009-December 2012; 6. Reviews and Disbursement Under the Standby Credit Facility Arrangement; 7. Indicators of Capacity to Repay the Fund, 2011-22; Appendix; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475579246

1475579241

9781475513646

147551364X