Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

June 13, 2019

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Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Summary

Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight. The authorities are now focused on implementing their broader development plans that were slowed by the rebuilding process, which will require fiscal discipline and reforms to maintain debt sustainability. The authorities should continue their constructive engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding. In parallel continuing to reform and strengthen the governance of institutions and removing vulnerabilities to corruption will be important.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Environment, External debt, Financial institutions, Loans, Natural disasters, Public debt, Tourism

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Australia and New Zealand, Authority, CR, Debt, Debt management framework, Exchange rate, Global, IMF banking sector diagnostic, IMF quota, ISCR, Liability positions vis-à-vis nonresident, Loans, Monetary policy stance, Natural disasters, Pacific Islands, Vanuatu, Vanuatu authorities

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/162
Stock No:

1VUTEA2019001
ISBN:

9781498319485
ISSN:

1934-7685

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