IMF Staff Country Reports

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

September 14, 2021

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Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu, (USA: International Monetary Fund, 2021) accessed September 18, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/208

  • Stock No:

    1VUTEA2021002

  • ISBN:

    9781513597171

  • ISSN:

    1934-7685