Vanuatu: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu

International Monetary Fund

No 2002/265, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that despite frequent shocks and an uncertain policy environment in Vanuatu, macroeconomic stability has been maintained. Real GDP growth was 2½ percent in 2000 owing to an agriculture-led recovery. However, the economy contracted by 2 percent in 2001, owing to the effects of several major cyclones and a global downturn in agriculture and tourism. Inflation remained subdued, increasing from 2½ percent in 2000 to 3¾ percent in 2001. The current account surplus declined from 2 percent of GDP in 2000 to ¾ percent in 2001.

Keywords: ISCR; CR; government; data provision; broad money growth; reserve bank of Vanuatu; government financing needs; staff appraisal; Vanuatu authorities; Offshore financial centers; Budget planning and preparation; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 50
Date: 2002-12-11
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