Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu
IMF Staff Country Reports, June 13, 2019
Source details
- Canonical URL
- Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu
Other formats
Bibliographic details
- Published: June 13, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498319485.002
Overview
- Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight.
- Authorities are refocusing on implementing broader development plans that were slowed by the rebuilding process.
- Continued engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding is recommended.
- Parallel efforts to reform and strengthen governance of institutions and remove vulnerabilities to corruption are important.
Key findings
- Reconstruction following Cyclone Pam is nearing completion and full recovery is in sight.
- Broader development plans were slowed by reconstruction efforts and are now the authorities' focus.
- Maintaining debt sustainability will require fiscal discipline and reforms.
Policy recommendations
- Continue constructive engagement with development partners for:
- Technical assistance
- Capacity development
- Concessional and grant-based funding
- Implement fiscal discipline and structural reforms to maintain debt sustainability.
- Reform and strengthen governance of institutions and remove vulnerabilities to corruption.
- Pursue measures to address Anti-money laundering and combating the financing of terrorism (AML/CFT) risks.
Thematic areas covered
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Crime
- Environment
- External debt
- Financial institutions
- Loans
- Natural disasters
- Public debt
- Tourism
Keywords and contextual focus
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Australia and New Zealand
- authority
- CR
- debt
- debt management framework
- exchange rate
- Global
- IMF banking sector diagnostic
- IMF quota
- ISCR
- liability positions vis-à-vis nonresident
- Loans
- monetary policy stance
- Natural disasters
- Pacific Islands
- Vanuatu
- Vanuatu authorities
International Monetary Fund. Asia and Pacific Dept "Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu", IMF Staff Country Reports 2019, 162 (2019).
Content in this bundle
- 1vutea2019001