Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

International Monetary Fund

No 2021/208, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: Vanuatu economy; Vanuatu authorities; authorities in Vanuatu; liability positions vis-à-vis nonresident; money market rate; Natural disasters; Anti-money laundering and combating the financing of terrorism (AML/CFT); External sector statistics; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 95
Date: 2021-09-14
New Economics Papers: this item is included in nep-mac
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