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
IMF Staff Country Reports, December 11, 2002
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- Canonical URL
- 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
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Bibliographic details
- Published: December 11, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840490.002
Macroeconomic overview and recent performance
- Despite frequent shocks and an uncertain policy environment in Vanuatu, macroeconomic stability has been maintained.
- Real GDP growth was 2½ percent in 2000, driven by an agriculture-led recovery.
- 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 increased 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.
Key thematic areas covered
- Budget planning and preparation
- Expenditure
- External debt
- Financial services
- Offshore financial centers
- Public debt
- Public financial management (PFM)
Keywords and analytic focus
- 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