Debt Management Performance Assessment : Solomon Islands

From February 19 to 28, 2009, a World Bank team undertook a debt management performance assessment (DeMPA) mission to Honiara, Solomon Islands. The objective was to undertake a comprehensive assessment of debt management functions applying the DeMP...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic & Sector Work
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO FINANCIAL SERVICES ACCESS TO RESOURCES ACCOUNTANT ACCOUNTING ANNUAL BORROWING PLAN APPROVAL PROCESS ARREARS ASSET VALUE ASSETS RATIO AUCTION AUCTION MECHANISM AUCTIONS BALANCE OF PAYMENTS BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK DEBT BANKING SECTOR BORROWING PLAN CAPACITY BUILDING CAPACITY CONSTRAINTS CAPITAL MARKET CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH HOLDINGS CASH MANAGEMENT CD CENTRAL BANK CENTRAL GOVERNMENT DEBT CHAMBERS OF COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES CONTINGENT LIABILITIES COUPON CREDIT RISK CREDITOR CS DEBT DEBT DATA DEBT DATA RECORDING DEBT DATABASE DEBT FLOWS DEBT FORGIVENESS DEBT INFORMATION DEBT ISSUANCE DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT FUNCTIONS DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT PRACTICES DEBT MANAGEMENT STRATEGY DEBT MANAGEMENT SYSTEM DEBT MANAGEMENT UNIT DEBT MANAGER DEBT MARKET DEVELOPMENT DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RATIOS DEBT RECORDING DEBT RELIEF DEBT REPORTING DEBT RESTRUCTURING DEBT RESTRUCTURING AGREEMENTS DEBT SERVICE DEBT SERVICE OBLIGATIONS DEBT SERVICING DEBT STOCK DEBT STOCKS DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBTOR DEBTOR REPORTING SYSTEM DEBTS DEED DEPOSITS DERIVATIVE DERIVATIVES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DISASTER RECOVERY DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC CREDITORS DOMESTIC DEBT DOMESTIC DEBT DATA DOMESTIC DEBT ISSUANCE DOMESTIC DEBT MARKET DOMESTIC DEBT MARKET DEVELOPMENT DOMESTIC MARKET ECONOMIC DEVELOPMENTS ECONOMIC POLICY ECONOMIC REFORM EMPLOYEE EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT GROWTH EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL LOAN EXTERNAL LOANS EXTERNAL PUBLIC DEBT FACE VALUE FIDUCIARY RESPONSIBILITIES FINANCIAL ACCOUNTS FINANCIAL CRISIS FINANCIAL LIABILITY FINANCIAL SYSTEM FINANCING REQUIREMENTS FISCAL POLICY FIXED RATE FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FOREIGN MARKETS FUTURE CASH FLOWS GOVERNMENT ACCOUNTS GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BORROWING GOVERNMENT BORROWINGS GOVERNMENT EXPENDITURE GOVERNMENT REVENUE GOVERNMENT SECURITIES GROWTH OPPORTUNITIES HOLDING HUMAN RESOURCE INFLATION INFLATIONARY PRESSURES INFORMATION SHARING INSURANCE INSURANCE CORPORATION INTEREST ARREARS INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNAL AUDITS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTMENT BANK ISSUANCE ISSUANCE OF GUARANTEES LAND OWNERSHIP LEGAL FRAMEWORK LEGAL REQUIREMENTS LENDER LIABILITY LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN GUARANTEES LOCAL CURRENCY LOCAL GOVERNMENTS MACROECONOMIC POLICIES MARKET PARTICIPANTS MARKET RETURN MATURITY MICROFINANCE MONETARY POLICY MULTILATERAL CREDITORS NATURAL DISASTERS NONPERFORMING LOANS OUTSTANDING ADVANCES PAYMENT ORDERS PAYMENT SYSTEM PENSION PENSION SYSTEM POLITICAL RISK POST OFFICES PRIVATE BANKS PRIVATE SECTOR DEBT PUBLIC BORROWING PUBLIC DEBT PUBLIC EXTERNAL DEBT PUBLIC FINANCE PUBLIC SECTOR DEBT QUALITY OF DEBT MANAGEMENT RATES OF INTEREST REGISTRY SYSTEM RENEGOTIATION REPAYMENT REPAYMENTS RESERVES RETAIL INVESTORS RETURN RISK MANAGEMENT RISK OF DEBT SECURITIES SETTLEMENT SOURCE OF FUNDS SOVEREIGN DEBT SPECIAL FUNDS STATE GUARANTEES STOCK OF DEBT STOCKS SUBSTANTIAL DEBT T-BILLS T-BONDS TAX TECHNICAL ASSISTANCE TOTAL DEBT TRADE CREDITORS TRADE CREDITS TRADING TRANSACTION TREASURY TREASURY BILL TREASURY BILLS USE OF DERIVATIVES VALUE OF ASSETS VOUCHERS WARRANTS
Online Access:	http://documents.worldbank.org/curated/en/2009/09/11494969/solomon-islands-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/16234

Description
Summary:	From February 19 to 28, 2009, a World Bank team undertook a debt management performance assessment (DeMPA) mission to Honiara, Solomon Islands. The objective was to undertake a comprehensive assessment of debt management functions applying the DeMPA tool. The assessment reveals that the Solomon Islands meets the minimum requirements for effective debt management performance as specified by the DeMPA tool on the legal framework, coordination with monetary policy, and debt reporting. While taking note of substantial efforts to improve performance in a number of areas, the assessment also found that the Solomon Islands does not meet the minimum requirements for the indicators assessing the debt management strategy, managerial structure, coordination with fiscal policy, domestic borrowing, cash flow forecasting and cash balance management, debt records, and debt recording. The mission also identified the following areas that require improvement and could be considered priorities for capacity building and reform: evaluation of debt management operations; auditing; external borrowing; loan guarantees, on-lending and debt-related transactions; debt administration and data security, and; segregation of duties, staff capacity and business continuity.

Debt Management Performance Assessment : Solomon Islands

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