{
  "title": "Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu",
  "publication": "IMF Staff Country Reports, June 13, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/12/vanuatu-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46991",
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  "summary": "Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight.\n- Authorities are refocusing on implementing broader development plans that were slowed by the rebuilding process.\n- Continued engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding is recommended.\n- Parallel efforts to reform and strengthen governance of institutions and remove vulnerabilities to corruption are important."
    },
    {
      "heading": "Key findings",
      "content": "- Reconstruction following Cyclone Pam is nearing completion and full recovery is in sight.\n- Broader development plans were slowed by reconstruction efforts and are now the authorities' focus.\n- Maintaining debt sustainability will require fiscal discipline and reforms."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Continue constructive engagement with development partners for:\n  - Technical assistance\n  - Capacity development\n  - Concessional and grant-based funding\n- Implement fiscal discipline and structural reforms to maintain debt sustainability.\n- Reform and strengthen governance of institutions and remove vulnerabilities to corruption.\n- Pursue measures to address Anti-money laundering and combating the financing of terrorism (AML/CFT) risks."
    },
    {
      "heading": "Thematic areas covered",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Crime\n- Environment\n- External debt\n- Financial institutions\n- Loans\n- Natural disasters\n- Public debt\n- Tourism"
    },
    {
      "heading": "Keywords and contextual focus",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Australia and New Zealand\n- authority\n- CR\n- debt\n- debt management framework\n- exchange rate\n- Global\n- IMF banking sector diagnostic\n- IMF quota\n- ISCR\n- liability positions vis-à-vis nonresident\n- Loans\n- monetary policy stance\n- Natural disasters\n- Pacific Islands\n- Vanuatu\n- Vanuatu authorities\n\nInternational Monetary Fund. Asia and Pacific Dept \"Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu\", IMF Staff Country Reports 2019, 162 (2019).\n\n---\n\n Content in this bundle\n\n- 1vutea2019001\n  - 1vutea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1vutea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 13, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498319485.002",
    "Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight.",
    "Authorities are refocusing on implementing broader development plans that were slowed by the rebuilding process.",
    "Continued engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding is recommended.",
    "Parallel efforts to reform and strengthen governance of institutions and remove vulnerabilities to corruption are important.",
    "Reconstruction following Cyclone Pam is nearing completion and full recovery is in sight.",
    "Broader development plans were slowed by reconstruction efforts and are now the authorities' focus.",
    "Maintaining debt sustainability will require fiscal discipline and reforms.",
    "Continue constructive engagement with development partners for:",
    "Implement fiscal discipline and structural reforms to maintain debt sustainability.",
    "Reform and strengthen governance of institutions and remove vulnerabilities to corruption.",
    "Pursue measures to address Anti-money laundering and combating the financing of terrorism (AML/CFT) risks.",
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    "ISCR",
    "liability positions vis-à-vis nonresident",
    "monetary policy stance",
    "Pacific Islands",
    "Vanuatu",
    "Vanuatu authorities",
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