Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu
September 14, 2021
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Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive economic damage in 2020. In the context of a continued loss of correspondent banking relationships (CBRs) in the Pacific, Vanuatu also lost a key CBR at end-June 2021. Air Vanuatu, one of the state-owned enterprises (SOEs), is in the process of being restructured.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic and financial statistics, Environment, External debt, External sector statistics, International organization, Monetary policy, Natural disasters, Public debt
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authorities in Vanuatu, External sector statistics, Global, liability positions vis-à-vis nonresident, money market rate, Natural disasters, Pacific Islands, Vanuatu authorities, Vanuatu economy
Pages:
95
Volume:
2021
DOI:
Issue:
208
Series:
Country Report No. 2021/208
Stock No:
1VUTEA2021002
ISBN:
9781513597171
ISSN:
1934-7685
