The Central Bank of the Solomon Islands (CBSI) and the International Monetary Fund’s Institute for Capacity Development and Singapore Regional Training Institute have concluded a five-year technical assistance project aimed at improving CBSI’s forecasting and analytical capacity, streamlining decision-making and strengthening policy communication as part of the bank’s monetary policy modernisation work. The programme, delivered under the Forecasting and Policy Analysis System technical assistance and led by IMF mission chief Diego Rodriguez Guzman, focused on macroeconomic modelling and forecasting. Over the engagement, analytical tools and internal processes were developed and embedded to support a more forward-looking, data-driven approach to monetary policy. CBSI framed the close of the programme as a transition point as it continues strengthening its monetary policy framework, with ongoing regional engagement with the IMF.
Central Bank of the Solomon Islands 2026-03-05
Central Bank of the Solomon Islands concludes five-year IMF technical assistance project to strengthen forecasting and monetary policy decision-making
The Central Bank of the Solomon Islands (CBSI), with the International Monetary Fund, concluded a five-year project to enhance CBSI's forecasting and analytical capabilities. This initiative, part of CBSI's monetary policy modernization, focused on macroeconomic modeling and forecasting for a data-driven approach. CBSI sees this as a transition point for further strengthening its monetary policy framework with continued regional IMF engagement.