Vanuatu: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu
March 31, 2005
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This 2004 Article IV Consultation highlights that Vanuatu’s real GDP growth rebounded to 2.4 percent in 2003, and the recovery continued in 2004 with growth of an estimated 3 percent. The improvement was bolstered by a strong supply response to a recovery in export prices and the liberalization of trading in two key exports (cocoa and copra), the discovery of new markets for kava following the ban by several countries in 2002, and higher tourist arrivals with an expansion in airline capacity to Vanuatu. Progress has also been made in strengthening Vanuatu’s financial sector.
Subject: Commercial banks, Current spending, Expenditure, External debt, Imports, International trade, Public debt
Keywords: adjustable peg, business service, Caribbean, CR, Current spending, experiences cyclone, Global, government, Imports, ISCR, Pacific Islands, Vanuatu economy, Vanuatu's development
Pages:
55
Volume:
2005
DOI:
Issue:
124
Series:
Country Report No. 2005/124
Stock No:
1VUTEA2005002
ISBN:
9781451840568
ISSN:
1934-7685
