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
Electronic Access:
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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.
Series:
Country Report No. 2002/265
Subject:
Budget planning and preparation Expenditure External debt Financial services Offshore financial centers Public debt Public financial management (PFM)
English
Publication Date:
December 11, 2002
ISBN/ISSN:
9781451840490/1934-7685
Stock No:
1VUTEA0012002
Pages:
50
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