[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109666-en":3,"doc-seo-109666-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109666,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Solomon Islands - Joint World Bank-IMF Debt Sustainability Analysis - February 2020","Joint World Bank–IMF analysis assesses Solomon Islands’ debt sustainability under a baseline and multiple stress scenarios. The external risk of debt distress is rated moderate, since indicators remain below thresholds in the baseline yet breach under extreme export shocks tied to uncertainty in medium-term growth and possible debt-financed spending for the Pacific Games. Public debt sustainability deteriorates further in the most severe real GDP growth stress test from 2025 onward, and a tailored natural disaster shock weakens post-event fiscal dynamics.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nSOLOMON ISLANDS  \nJoint World Bank-IMF Debt Sustainability Analysis  \nFebruary 2020  \nPrepared jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nApproved by Marcello Estevão (IDA) and Jonathan. D. Ostry (IMF)  \nSolomon Islands: Joint Bank-Fund Debt Sustainability Analysis  \n\n| Risk of external debt distress | Moderate |\n| --- | --- |\n| Overall risk of debt distress | Moderate |\n| Granularity in the risk rating | Substantial space to absorb shock |\n| Application of judgment | No |\n\nThe external risk of debt distress rating for Solomon Islands has been maintained at moderate, given the high uncertainty surrounding medium-term growth prospects and the possibility of debtfinanced spending for the Pacific Games. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario but breach thresholds under the extreme stress test scenario (export shock) . In a downside scenario, with a sharper decline in logging activities in 2020 and additional loans for the Pacific Games, an export shock would cause a prolonged breach of the thresholds of both the PV of external debt-to-GDP ratio and debt-to-exports ratio. The overall risk of debt distress remains moderate, reflecting a deteriorating fiscal position. Although the PV of public debt-to-GDP ratio remains below the 55 percent threshold under the baseline scenario, it would breach the threshold under the most extreme stress test (real GDP growth) from 2025 until the end of the projection period. A tailored natural disaster shock, which uses a shock of similar scale to the largest shock in Solomon Islands’ history, causes a significant deterioration in debt sustainability in the aftermath of the event. To rebuild fiscal buffers and to enhance resilience against shocks, both stronger revenue mobilization measures and expenditure rationalization are needed. Although the DSA suggests there is space to absorb a shock, Solomon Islands often faces fiscal liquidity problems due to weak public financial management and the cash balance is currently at a low level.  \nPUBLIC DEBT COVERAGE  \n1. The coverage of public sector debt used in this report is central government debt, central government-guaranteed debt, and central bank debt, which is borrowed on behalf of the government.1 As of end-2017, central government-guaranteed debt were at US$15 million for Investment Corporation Solomon Islands, Solomon Islands Broadcasting Corporation, Solomon Islands Electricity Authority, Solomon Airlines, Solomon Postal and Western Province. The outstanding debts to all multilaterals (IMF, WB, ADB) stood at US$28.2 million (about 2 percent of GDP).  \n\n| Coverage of Public Sector Debt |  |\n| --- | --- |\n| 1 | Subsectors of the public sector Sub-sectors covered |\n|  | Central government X |\n| 2 | State and local government |\n| 3 | Other elements in the general government |\n| 4 | o/w: Social security fund |\n| 5 | o/w: Extra budgetary funds (EBFs) |\n| 6 | Guarantees (to other entities in the public and private sector, including to SOEs) X |\n| 7 | Central bank (borrowed on behalf of the government) X |\n| 8 | Non-guaranteed SOE debt |\n\nBACKGROUND ON DEBT  \n2. Public debt remained steady at around 9.4 percent of GDP in 2018 following an increase in 2017. In 2017, public debt rose by 1.6 pps of GDP and the pick-up in debt was due mainly to the issuance of domestic development bonds and disbursements from multilateral donors. In 2018, the government cleared 2017 and 2018 domestic arrears, which had been included as part of domestic financing. In addition, disbursements from multilateral donors were lower than expected in 2018. The Tina River Hydro project (TRHDP) has been delayed and is expected to begin in 2020. The government debt management framework sets alimit forthe public debt-to-G","cbCaiaHiBh8Xzs2R","https://ap.wps.com/l/cbCaiaHiBh8Xzs2R","pdf",491411,6,1,21,"English","en",105,"# Risk of debt distress\n## External risk rating and stress scenarios\n# Public debt coverage\n## Scope of debt included\n# Background on debt\n## Public debt trends and borrowing framework\n# Country classification\n## Assessment continuation","[{\"question\":\"Why is the external risk of debt distress for Solomon Islands rated moderate?\",\"answer\":\"The risk is maintained at moderate because external debt indicators stay below indicative thresholds under the baseline scenario, despite uncertainty in medium-term growth and potential debt-financed spending risks.\"},{\"question\":\"What triggers threshold breaches in the debt sustainability analysis?\",\"answer\":\"Thresholds are breached under extreme export shock conditions, including scenarios with a sharper decline in logging activity and additional loans tied to the Pacific Games.\"},{\"question\":\"How does the analysis indicate public debt risk changes over time?\",\"answer\":\"While the PV of public debt-to-GDP remains below the 55 percent threshold under the baseline scenario, it breaches the threshold under the most extreme real GDP growth stress test beginning in 2025 through the projection period.\"}]","Solomon Islands - Joint World Bank-IMF Debt Sustainability Analysis - February 2020 | PDF",1784481802,53,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":88,"head_meta":90,"extra_data":92,"updated_unix":29},"solomon-islands-joint-world-bank-imf-debt-sustainability-analysis-february-2020","",{"@graph":37,"@context":87},[38,55,70],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":54},"https://docshare.wps.com/document/solomon-islands-joint-world-bank-imf-debt-sustainability-analysis-february-2020/109666/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"Why is the external risk of debt distress for Solomon Islands rated moderate?","Question",{"text":77,"@type":78},"The risk is maintained at moderate because external debt indicators stay below indicative thresholds under the baseline scenario, despite uncertainty in medium-term growth and potential debt-financed spending risks.","Answer",{"name":80,"@type":75,"acceptedAnswer":81},"What triggers threshold breaches in the debt sustainability analysis?",{"text":82,"@type":78},"Thresholds are breached under extreme export shock conditions, including scenarios with a sharper decline in logging activity and additional loans tied to the Pacific Games.",{"name":84,"@type":75,"acceptedAnswer":85},"How does the analysis indicate public debt risk changes over time?",{"text":86,"@type":78},"While the PV of public debt-to-GDP remains below the 55 percent threshold under the baseline scenario, it breaches the threshold under the most extreme real GDP growth stress test beginning in 2025 through the projection period.","https://schema.org",{"og:url":53,"og:type":89,"og:title":13,"og:site_name":60,"og:description":14},"article",{"robots":91,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":94},[95,99,103,107,112,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":96,"show_sort_weight":97,"slug":98},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":100,"show_sort_weight":101,"slug":102},"Literature",80,"literature",{"id":54,"doc_module":4,"doc_module_name":47,"category_name":104,"show_sort_weight":105,"slug":106},"Exam",70,"exam",{"id":108,"doc_module":4,"doc_module_name":47,"category_name":109,"show_sort_weight":110,"slug":111},5,"Comic",60,"comic",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":108,"slug":139},19,"General","general"]