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Cover IMF Staff Country Reports
Solomon Islands: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper on the Solomon Islands quantifies additional spending needs for Solomon Islands to achieve key Sustainable Development Goals (SDGs) targets by 2030. The estimate indicates annual additional spending needs of about 6.9 percent of 2030 gross domestic product. Higher investment in energy infrastructure, including on renewable energy, is a key priority to strengthening climate change adaptation and paving the way toward a low-carbon transition. Creating fiscal space for projects with climate-proofing components through budget reallocation, while improving spending efficiency, would raise economic returns by building climate resilience. An integrated financing strategy with a mix of additional concessional financing and front-loaded fiscal measures, including domestic revenue mobilization, is needed and should be properly sequenced to achieve SDGs by 2030. The SDGs and climate commitment should be integrated into the existing public financial management reform agenda to achieve climate-sensitive development goals.
Keywords:
D. Policy discussion; priority investment list; spending Needs; secondary education; development spending needs; Sustainable Development Goals (SDG); Infrastructure; Renewable energy; Asia and Pacific
Cover IMF Staff Country Reports
Back Matter
International Monetary Fund. Asia and Pacific Dept

Appendix I. Currently Identified Priority Investment List with Climate-Proofing Component Project Donor Project Cost, Financing & Status Description A. Energy sector Tina River Hydropower Project (TRHPP) ADB, WB, Bilateral (Australia, Korea) - $233.37 mil. In PPP (Built-Operate-Transfer) - Loan: 66.8%, Grant: 21.2% - New ongoing (2019–2025) Develop renewable energy source. Build 15 MW hydro power plant for electricity supply in Honiara; CO2 reduction (49.500 tons/year) and tariff reduction expected. Solar

Cover IMF Staff Country Reports
Front Matter
International Monetary Fund. Asia and Pacific Dept

Vulnerability Index, 2019 2. Benchmarking SDG Performance 3. Efficiency of Primary and Secondary Education Spending 4. Annual Additional Spending Needs (in percent of 2030 GDP) 5. DIGNAD Simulations on Climate-Proofing Investment and PFM Reform 6. Financing for Development Spending 7. Calibration of Operational Target and Public Debt: Baseline vs. Alternative Scenarios TABLES 1. Budget Allocation to SDG-Related Expenditure 2. Annual Additional Spending Needs in Education and Health APPENDIX I. Currently Identified Priority Investment List with Climate

Keywords:
spending Needs; Education spending; Sustainable Development Goals (SDG); Climate change