{
  "title": "Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, May 31, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2011-article-iv-consultation-staff-report-debt-sustainability-analysis-and-public-24883",
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  "summary": "Vanuatu showed signs of a moderate rebound in economic activity owing to its good macroeconomic fundamentals and a supportive international community. Executive Directors encouraged the authorities to tighten monetary policy in response to rising inflation pressures.",
  "publishDate": "2011-05-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and macroeconomic outlook",
      "content": "- Vanuatu showed signs of a moderate rebound in economic activity owing to its good macroeconomic fundamentals and a supportive international community.\n- Executive Directors encouraged the authorities to tighten monetary policy in response to rising inflation pressures.\n- Directors underscored the need to safeguard external buffers by maintaining an adequate level of foreign exchange reserves."
    },
    {
      "heading": "Fiscal and external policy guidance",
      "content": "- Emphasize the need to strengthen fiscal buffers to safeguard the hard-earned fiscal soundness.\n- Safeguard external buffers by maintaining an adequate level of foreign exchange reserves.\n- Encourage further efforts to strengthen the regulatory and supervisory framework that covers the whole financial system."
    },
    {
      "heading": "Financial sector and regulatory recommendations",
      "content": "- Strengthen the regulatory and supervisory framework covering the whole financial system."
    },
    {
      "heading": "Key subjects and keywords (as listed)",
      "content": "- Subject: Central banks, External debt, External position, Foreign assets, Imports, International reserves, International trade, Public debt\n- Keywords: broad money, CR, debt, deficit, executive board discussion, Foreign assets, foreign currency, GDP deflator, Global, Imports, inflation risk, International reserves, ISCR, PPG debt service, real GDP, U.S. dollar, vatu loan\n\n---\n\n Content in this bundle\n\n- Cr11120\n  - Cr11120 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr11120 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2011-article-iv-consultation-staff-report-debt-sustainability-analysis-and-public-24883"
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    "Published: May 31, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455273492.002",
    "Vanuatu showed signs of a moderate rebound in economic activity owing to its good macroeconomic fundamentals and a supportive international community.",
    "Executive Directors encouraged the authorities to tighten monetary policy in response to rising inflation pressures.",
    "Directors underscored the need to safeguard external buffers by maintaining an adequate level of foreign exchange reserves.",
    "Emphasize the need to strengthen fiscal buffers to safeguard the hard-earned fiscal soundness.",
    "Safeguard external buffers by maintaining an adequate level of foreign exchange reserves.",
    "Encourage further efforts to strengthen the regulatory and supervisory framework that covers the whole financial system.",
    "Strengthen the regulatory and supervisory framework covering the whole financial system.",
    "Subject: Central banks, External debt, External position, Foreign assets, Imports, International reserves, International trade, Public debt",
    "Keywords: broad money, CR, debt, deficit, executive board discussion, Foreign assets, foreign currency, GDP deflator, Global, Imports, inflation risk, International reserves, ISCR, PPG debt service, real GDP, U.S. dollar, vatu loan",
    "**Cr11120**"
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