## Vanuatu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

_IMF Staff Country Reports, October 31, 2016_

## Source details

**Canonical URL:** [Vanuatu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu](https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44361)

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## Bibliographic details
- Published: October 31, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475550610.002

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### Macroeconomic impact and near-term outlook
- Cyclone Pam hit the country in March 2015 and led to a decline in GDP of about 0.8 percent in 2015.
- The current account deficit widened to 11 percent of GDP in 2015 from an average of 3 percent of GDP in the previous three years.
- Near-term prospects are favorable, but risks to the outlook are tilted to the downside.
- Real GDP growth is expected to reach 4 percent in 2016 and 4.5 percent in 2017, driven by:
  - the recovery in tourism and agriculture, and
  - further ramping-up of infrastructure projects.

### Key findings and thematic areas
- Subjects covered: Environment, External debt, Infrastructure, National accounts, Natural disasters, Public and publicly-guaranteed external debt, Public debt.
- Keywords highlighted in the report: Asia and Pacific, Australia and New Zealand, CR, government, government finances, inflation pressure, Infrastructure, infrastructure plan, ISCR, monetary policy stance, Natural disasters, Pacific Islands, Public and publicly-guaranteed external debt, real GDP, U.S. dollar, Vanuatu authorities.

### Publication and document metadata (as reported)
- Pages: 86
- Volume: 2016
- Issue: 336
- Series: Country Report No. 2016/336
- DOI: https://doi.org/10.5089/9781475550610.002
- Stock No: 1VUTEA2016001
- ISBN: 9781475550610
- ISSN: 1934-7685

*Vanuatu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu (IMF Staff Country Reports 2016, 336).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44361_