{
  "title": "Vanuatu: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu",
  "publication": "IMF Staff Country Reports, March 31, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2004-article-iv-consultation-staff-report-public-information-notice-on-the-executive-18177",
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  "summary": "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.",
  "publishDate": "2005-03-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic performance and growth",
      "content": "- Real GDP growth rebounded to 2.4 percent in 2003.\n- The recovery continued in 2004 with growth of an estimated 3 percent.\n- Improvement in growth was bolstered by:\n  - a strong supply response to a recovery in export prices;\n  - the liberalization of trading in two key exports: cocoa and copra;\n  - the discovery of new markets for kava following the ban by several countries in 2002;\n  - higher tourist arrivals associated with an expansion in airline capacity to Vanuatu."
    },
    {
      "heading": "Financial sector and structural developments",
      "content": "- Progress has been made in strengthening Vanuatu’s financial sector."
    },
    {
      "heading": "Thematic coverage and subjects",
      "content": "- Subject areas: Commercial banks, Current spending, Expenditure, External debt, Imports, International trade, Public debt.\n- Keywords as listed: adjustable peg, business service, Caribbean, CR, Current spending, experiences cyclone, Global, government, Imports, ISCR, Pacific Islands, Vanuatu economy, Vanuatu's development.\n\n---\n\n Content in this bundle\n\n- cr05124 - Executive Summary\n  - cr05124 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05124 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2004-article-iv-consultation-staff-report-public-information-notice-on-the-executive-18177"
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    "Published: March 31, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451840568.002",
    "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:",
    "Progress has been made in strengthening Vanuatu’s financial sector.",
    "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.",
    "**_cr05124 - Executive Summary**"
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