Vanuatu: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu

December 11, 2002

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Vanuatu: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu, (USA: International Monetary Fund, 2002) accessed September 19, 2024

Summary

This 2002 Article IV Consultation highlights that despite frequent shocks and an uncertain policy environment in Vanuatu, macroeconomic stability has been maintained. Real GDP growth was 2½ percent in 2000 owing to an agriculture-led recovery. However, the economy contracted by 2 percent in 2001, owing to the effects of several major cyclones and a global downturn in agriculture and tourism. Inflation remained subdued, increasing from 2½ percent in 2000 to 3¾ percent in 2001. The current account surplus declined from 2 percent of GDP in 2000 to ¾ percent in 2001.

Subject: Budget planning and preparation, Expenditure, External debt, Financial services, Offshore financial centers, Public debt, Public financial management (PFM)

Keywords: Broad money growth, Budget planning and preparation, CR, Data provision, Global, Government, Government financing needs, ISCR, Offshore financial centers, Pacific Islands, Reserve bank of Vanuatu, Staff appraisal, Vanuatu authorities

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/265
Stock No:

1VUTEA0012002
ISBN:

9781451840490
ISSN:

1934-7685

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