Solomon Islands 2010 Economic Report

Business & Finance, Economics, Sustainable Development, Economic Development
Cover of the book Solomon Islands 2010 Economic Report by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789290920779
Publisher: Asian Development Bank Publication: July 1, 2010
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789290920779
Publisher: Asian Development Bank
Publication: July 1, 2010
Imprint: Asian Development Bank
Language: English
Economic and social progress in Solomon Islands has been limited since the country’s independence, and the recent global economic crisis has placed more pressure on the country’s economy. The resulting fiscal crunch and emerging balance-of-payments pressures demand a coordinated macroeconomic policy response, featuring recurrent expenditure restraint,prudent monetary policy, and public sector reform. Grant-funded infrastructure will also need to play a key role in supporting economic and employment growth. Finally, because the country is a high-cost, risky place in which to do business, the government must focus on removing constraints to private sector growth. This report outlines these recommendations for the medium- to long-term economic growth of Solomon Islands.
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Economic and social progress in Solomon Islands has been limited since the country’s independence, and the recent global economic crisis has placed more pressure on the country’s economy. The resulting fiscal crunch and emerging balance-of-payments pressures demand a coordinated macroeconomic policy response, featuring recurrent expenditure restraint,prudent monetary policy, and public sector reform. Grant-funded infrastructure will also need to play a key role in supporting economic and employment growth. Finally, because the country is a high-cost, risky place in which to do business, the government must focus on removing constraints to private sector growth. This report outlines these recommendations for the medium- to long-term economic growth of Solomon Islands.

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