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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2010. "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 Island," IMF Staff Country Reports 2010/198, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/198
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