Vanuatu: Selected Issues
IMF Staff Country Reports, March 5, 2007
Source details
- Canonical URL
- Vanuatu: Selected Issues
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Bibliographic details
- Published: March 5, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840582.002
Summary
- This Selected Issues paper focuses on the reasons for the historically weak performance of Vanuatu.
- Growth has been hindered by substantial barriers to private sector development.
- Impediments deterring foreign investment and reducing external competitiveness are identified and described.
Key factors hindering growth
- Political uncertainty.
- High costs of doing business.
- Poor and costly infrastructure.
- Incomplete secured transactions framework.
- Weak land and property rights.
- Progress in these structural reforms has been particularly slow relative to peers in the Pacific island region.
Implications and analysis
- The combination of the above impediments has reduced external competitiveness.
- Slow reform progress has deterred foreign investment.
- These problems, while not uncommon in the Pacific island region, are acute in Vanuatu according to the paper.
Content in this bundle
- Vanuatu: Selected Issues; IMF Country Report 07/93; February 9, 2007