Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

September 14, 2021

Preview Citation

Format: Chicago

Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu, (USA: International Monetary Fund, 2021) accessed September 20, 2024

Summary

Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive economic damage in 2020. In the context of a continued loss of correspondent banking relationships (CBRs) in the Pacific, Vanuatu also lost a key CBR at end-June 2021. Air Vanuatu, one of the state-owned enterprises (SOEs), is in the process of being restructured.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic and financial statistics, Environment, External debt, External sector statistics, International organization, Monetary policy, Natural disasters, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities in Vanuatu, External sector statistics, Global, Liability positions vis-à-vis nonresident, Money market rate, Natural disasters, Pacific Islands, Vanuatu authorities, Vanuatu economy

Publication Details

Pages:

95
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/208
Stock No:

1VUTEA2021002
ISBN:

9781513597171
ISSN:

1934-7685

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