{
  "title": "Vanuatu: Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument",
  "publication": "IMF Staff Country Reports, June 16, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-staff-report-for-the-2015-article-iv-consultation-and-request-for-disbursement-under-42992",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-staff-report-for-the-2015-article-iv-consultation-and-request-for-disbursement-under-42992",
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  "summary": "This 2015 Article IV Consultation highlights that Vanuatu’s Real GDP is expected to decline by 2 percent in 2015 because of the cyclone damage to Vanuatu’s main export sectors—tourism and agriculture—which will be only partially offset by reconstruction activities and infrastructure investment.",
  "publishDate": "2015-06-16",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings and damage assessment",
      "content": "- Real GDP is expected to decline by 2 percent in 2015 because of cyclone damage to Vanuatu’s main export sectors—tourism and agriculture.\n- Cyclone impacts on tourism and agriculture will be only partially offset by reconstruction activities and infrastructure investment.\n- Public sector recovery needs are estimated at about 20 percent of GDP."
    },
    {
      "heading": "Risks to the outlook",
      "content": "- Risks are biased to the downside.\n- Reconstruction may be constrained by availability of funding.\n- Reconstruction may be constrained by implementation capacity."
    },
    {
      "heading": "Near-term projection (scenario for 2016)",
      "content": "- Growth is expected to rebound to 5 percent in 2016, driven by:\n  - recovery in tourism and agriculture, and\n  - further ramping-up of infrastructure projects."
    },
    {
      "heading": "Thematic coverage (subjects and keywords included in the report)",
      "content": "- Subjects: Banking, Central banks, Environment, External debt, Infrastructure, International reserves, National accounts, Natural disasters, Public debt\n- Keywords excerpt: Asia and Pacific, Australia and New Zealand, authorities' effort, CR, current account, executive board's discussion, financial support, GDP, Global, housing stock, Infrastructure, International reserves, ISCR, Natural disasters, Pacific Islands, recovery needs, Vanuatu cope"
    },
    {
      "heading": "Publication and document metadata",
      "content": "- Pages: 85\n- Volume: 2015\n- Issue: 149\n- Series: Country Report No. 2015/149\n- DOI: https://doi.org/10.5089/9781513531021.002\n- Stock No: 1VUTEA2015001\n- ISBN: 9781513531021\n- ISSN: 1934-7685\n- Publication date shown: June 16, 2015\n\nVanuatu: Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument\n\n---\n\n Content in this bundle\n\n- Vanuatu: Post‑Cyclone Assessment and Policy Response\n  - Vanuatu: Post‑Cyclone Assessment and Policy Response (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Vanuatu: Post‑Cyclone Assessment and Policy Response (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/vanuatu-staff-report-for-the-2015-article-iv-consultation-and-request-for-disbursement-under-42992"
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    "Published: June 16, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513531021.002",
    "Real GDP is expected to decline by 2 percent in 2015 because of cyclone damage to Vanuatu’s main export sectors—tourism and agriculture.",
    "Cyclone impacts on tourism and agriculture will be only partially offset by reconstruction activities and infrastructure investment.",
    "Public sector recovery needs are estimated at about 20 percent of GDP.",
    "Risks are biased to the downside.",
    "Reconstruction may be constrained by availability of funding.",
    "Reconstruction may be constrained by implementation capacity.",
    "Growth is expected to rebound to 5 percent in 2016, driven by:",
    "Subjects: Banking, Central banks, Environment, External debt, Infrastructure, International reserves, National accounts, Natural disasters, Public debt",
    "Keywords excerpt: Asia and Pacific, Australia and New Zealand, authorities' effort, CR, current account, executive board's discussion, financial support, GDP, Global, housing stock, Infrastructure, International reserves, ISCR, Natural disasters, Pacific Islands, recovery needs, Vanuatu cope",
    "Pages: 85",
    "Volume: 2015",
    "Issue: 149",
    "Series: Country Report No. 2015/149",
    "DOI: https://doi.org/10.5089/9781513531021.002",
    "Stock No: 1VUTEA2015001",
    "ISBN: 9781513531021",
    "ISSN: 1934-7685",
    "Publication date shown: June 16, 2015",
    "**Vanuatu: Post‑Cyclone Assessment and Policy Response**"
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