Solomon Islands : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands
Author/Editor:
International Monetary Fund. Asia and Pacific Dept
Publication Date:
March 5, 2018
Electronic Access:
Free Full Text (PDF file size is 2498 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Solomon Islands has made considerable gains in establishing macroeconomic stability and strengthening institutions in the past six years. The Australia-led Regional Assistance Mission to Solomon Islands (RAMSI) withdrew this year after fourteen years, having succeeded, together with the authorities, in restoring law and order and re-establishing public institutions. However, Solomon Islands faces numerous challenges common to many small states in the Pacific— it is remote, highly vulnerable to natural disasters and climate change, has a narrow production base, a large infrastructure gap, and administrative capacity constraints. The government is gearing up for elections in early 2019 and the fiscal position has deteriorated.
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