European Parliament Library

The Solomon Islands :, 2009 Article IV Consultation: Staff Report; Staff Statement; Supplement to the Staff Report; Public Information Notice; Statement by the Executive Director for the Solomon Islands

This 2009 Article IV Consultation highlights that economic conditions in the Solomon Islands have weakened in 2009, given the effects of the global recession and a logging sector decline. Real GDP growth is projected at 0.4 percent in 2009, compared with 6.9 percent in 2008. On the positive side, inflation pressures have eased substantially, mainly owing to lower fuel and food prices. Executive Directors have advised the authorities to address the increasingly unsustainable fiscal situation, given possible permanent losses in logging-related revenues, relatively large expenditure outlays, and government financing constraints
Table Of Contents
Cover; Contents; Executive Summary; I. Overview; II. Recent Developments; Boxes; 1. Recent Changes to the National Accounts; Figure; 1. Regional Comparison of Recent Macroeconomic Performance; III. Outlook and Risks; IV. Policy Discussions; A. Fiscal Policy and Debt Sustainability; 2. Medium-Term Fiscal Outlook and Policy Credibility; B. Monetary and Exchange Rate Policy; 3. An Exchange Rate Assessment for the Solomon Islands; C. Financial and Structural Issues; V. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2004-10; 2. Balance of Payments, 2007-14
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (66 p.)
Specific Material Designation
Form Of Item

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