Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, May 31, 2011
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- Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: May 31, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455273492.002
Executive summary and macroeconomic outlook
- Vanuatu showed signs of a moderate rebound in economic activity owing to its good macroeconomic fundamentals and a supportive international community.
- Executive Directors encouraged the authorities to tighten monetary policy in response to rising inflation pressures.
- Directors underscored the need to safeguard external buffers by maintaining an adequate level of foreign exchange reserves.
Fiscal and external policy guidance
- Emphasize the need to strengthen fiscal buffers to safeguard the hard-earned fiscal soundness.
- Safeguard external buffers by maintaining an adequate level of foreign exchange reserves.
- Encourage further efforts to strengthen the regulatory and supervisory framework that covers the whole financial system.
Financial sector and regulatory recommendations
- Strengthen the regulatory and supervisory framework covering the whole financial system.
Key subjects and keywords (as listed)
- Subject: Central banks, External debt, External position, Foreign assets, Imports, International reserves, International trade, Public debt
- Keywords: broad money, CR, debt, deficit, executive board discussion, Foreign assets, foreign currency, GDP deflator, Global, Imports, inflation risk, International reserves, ISCR, PPG debt service, real GDP, U.S. dollar, vatu loan