## Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

_IMF Staff Country Reports, June 13, 2019_

## Source details

**Canonical URL:** [Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu](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)

## Other formats

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## Bibliographic details
- Published: June 13, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498319485.002

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### Overview
- 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.

### Key findings
- 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.

### Policy recommendations
- Continue constructive engagement with development partners for:
  - Technical assistance
  - Capacity development
  - Concessional and grant-based funding
- 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.

### Thematic areas covered
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Crime
- Environment
- External debt
- Financial institutions
- Loans
- Natural disasters
- Public debt
- Tourism

### Keywords and contextual focus
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Australia and New Zealand
- authority
- CR
- debt
- debt management framework
- exchange rate
- Global
- IMF banking sector diagnostic
- IMF quota
- ISCR
- liability positions vis-à-vis nonresident
- Loans
- monetary policy stance
- Natural disasters
- Pacific Islands
- Vanuatu
- Vanuatu authorities

*International 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).*

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## Content in this bundle

- **1vutea2019001**
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  - [1vutea2019001 (PDF)](/-/media/files/publications/cr/2019/1vutea2019001.pdf){rel="external" type="application/pdf"}

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_Source: 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_