Vanuatu: Selected Issues and Statistical Appendix

International Monetary Fund

No 2002/266, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix summarizes the factors explaining Vanuatu’s recent growth performance, which has weakened since the mid-1990s. The paper highlights that Vanuatu’s annual rate of growth averaged ¾ percent during 1997–2001, compared with 4¾ percent during 1992–1996. The paper compares Vanuatu’s external competitiveness with several other small island economies in the South Pacific region. The paper describes the development and structure of Vanuatu’s offshore financial center, examines its macroeconomic impact, and highlights some key recent developments. It also provides a preliminary assessment of the prospects for the sector.

Keywords: ISCR; CR; Vanuatu; Vanuatu authorities; bank; enterprise; Vanuatu economy; interest rate; merchandise export; outstanding balance; Vanuatu's case; degree of competitiveness; debt forgiveness; Vanuatu's REER; Offshore financial centers; Exports; Nonbank financial institutions; Commercial banks; Agricultural sector; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 43
Date: 2002-12-11
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