European Parliament Library

Solomon Islands :, 2008 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

The 2008 Article IV Consultation with Solomon Islands discusses an economic outlook that hinges critically on developing nonlogging sources of growth and exports to offset the expected decline in logging activity. The country remains beset with poor infrastructure, land ownership issues, a shortage of skilled labor, and unreliable and costly basic services. Executive Directors recommended that the central bank seek to develop financial markets further and make greater use of interest rate mechanisms of monetary control. To avoid placing undue burden on monetary policy, fiscal policy needs to play a supportive role
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Developments and the Near-term Outlook; III. Medium-term Macroeconomic Outlook and Risks; IV. Policy Discussions; A. Macroeconomic Policies to Contain Inflation; B. Addressing Medium-term Fiscal and External Sustainability; C. Stimulating Nonlogging Sector Growth; V. Other Issues; VI. Staff Appraisal; Boxes; 1. Recent Inflation Developments in the Solomon Islands; 2. An Exchange Rate Assessment for the Solomon Islands; 3. Developments in the Logging Industry; Figures; 1. Graphical Summary of Recent Macroeconomic Developments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
Form Of Item

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