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