## Vanuatu: 2013 Article IV Consultation

_IMF Staff Country Reports, June 21, 2013_

## Source details

**Canonical URL:** [Vanuatu: 2013 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2013-article-iv-consultation-40697)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/vanuatu-2013-article-iv-consultation-40697/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/vanuatu-2013-article-iv-consultation-40697/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/vanuatu-2013-article-iv-consultation-40697/bundle-manifest.json)

## Bibliographic details
- Published: June 21, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475587647.002

---

### Overview
- Vanuatu has a comparatively favorable economy and cautious macroeconomic policies that have helped maintain stability and confidence.
- Financial sector policies have been appropriately cautious.
- The economy must maintain low debt in the longer term, but funding is needed for infrastructure, maintenance, and social services.
- New revenue measures have to be identified to finance these needs while maintaining growth potential, especially in the tourism and agricultural sectors.
- The financing options for new large infrastructure projects have to be assessed.

### Key findings
- Cautious macroeconomic policies and financial sector policies have supported stability and confidence.
- Maintaining low public debt over the longer term is necessary.
- There is a need to identify new revenue measures to fund infrastructure, maintenance, and social services.
- New revenue should be structured to strengthen the state while preserving growth potential in tourism and agriculture.
- Financing options for large infrastructure projects require assessment.

### Policy recommendations and priorities
- Identify and implement new revenue measures to fund infrastructure, maintenance, and social services.
- Ensure revenue measures strengthen the state without undermining growth potential in the tourism and agricultural sectors.
- Assess financing options for new large infrastructure projects to balance development needs with debt sustainability.
- Maintain cautious macroeconomic and financial sector policies to preserve stability and confidence.

### Fiscal and public investment considerations
- Maintain low debt in the longer term while meeting funding needs for infrastructure, maintenance, and social services.
- Evaluate public investment and public-private partnerships (PPP) as part of financing strategies.

### Sector focus
- Tourism: Preserve growth potential while mobilizing revenue for public needs.
- Agriculture: Support growth potential alongside revenue and investment measures.
- Financial sector: Continue appropriately cautious policies to sustain stability and confidence.

---

## Content in this bundle

- **_cr13169**
  - [_cr13169 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13169.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr13169 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13169.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2013-article-iv-consultation-40697_