Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion

May 31, 2011

Preview Citation

Format: Chicago

Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

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. They emphasized the need to strengthen fiscal buffers to safeguard the hard-earned fiscal soundness. Directors underscored the need to safeguard external buffers by maintaining an adequate level of foreign exchange reserves. They encouraged further efforts to strengthen the regulatory and supervisory framework that covers the whole financial system.

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

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/120
Stock No:

1VUTEA2011002
ISBN:

9781455273492
ISSN:

1934-7685

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