7 Apr 2003

Solomon Islands economy improves slightly, but remains fragile

9:37 am on 7 April 2003

The Central Bank of Solomon Islands says that despite the improvement in economic activity in the country in 2002, the underlying situation remains fragile.

The Bank says any positive development gained so far could easily be reversed if the security situation remains unresolved and the implementation of government reforms are prolonged.

The Bank says that in view of the financial sector's weaknesses

if will maintain its monetary policy stance.

It says it will continue to foster conditions that will help to build orderly and balanced economic development in Solomon Islands