Vanuatu: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu

IMF Staff Country Reports, March 31, 2005

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Vanuatu: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu

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Bibliographic details

• Published: March 31, 2005
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451840568.002

Economic performance and growth

• Real GDP growth rebounded to 2.4 percent in 2003.
• The recovery continued in 2004 with growth of an estimated 3 percent.
• Improvement in growth was bolstered by:
  • a strong supply response to a recovery in export prices;
  • 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;
  • higher tourist arrivals associated with an expansion in airline capacity to Vanuatu.

Financial sector and structural developments

• Progress has been made in strengthening Vanuatu’s financial sector.

Thematic coverage and subjects

• Subject areas: Commercial banks, Current spending, Expenditure, External debt, Imports, International trade, Public debt.
• Keywords as listed: adjustable peg, business service, Caribbean, CR, Current spending, experiences cyclone, Global, government, Imports, ISCR, Pacific Islands, Vanuatu economy, Vanuatu's development.

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• _cr05124 - Executive Summary
  • _cr05124 - Executive Summary (Markdown version)
  • _cr05124 - Executive Summary (PDF)