## 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_

## Source details

**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](https://www.imf.org/en/publications/cr/issues/2016/12/30/vanuatu-2002-article-iv-consultation-staff-report-staff-statement-public-information-notice-16223)

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## Bibliographic details
- Published: December 11, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840490.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/vanuatu-2002-article-iv-consultation-staff-report-staff-statement-public-information-notice-16223_