Vanuatu: Selected Issues and Statistical Appendix

International Monetary Fund

No 2005/121, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes fiscal management and strategy for growth for Vanuatu. It presents an overview of recent fiscal policy and outcomes. The main structural changes in the financial sector since independence in 1980 are discussed. The paper highlights some key features common to most Pacific Island countries’ financial systems. It concludes that despite the recovery from the 1998 financial crisis, the financial system needs further reforms to promote private sector-led development in the medium term.

Keywords: ISCR; CR; bank; Vanuatu; nonbank; GDP; monetary policy; RBV note; RBV overdraft limit; RBV's benchmark rate; RBV quote; parent bank; money multiplier; operating income; rate of return; overdraft limit; monetary policy stance; basket of currencies; return on assets; Offshore financial centers; Commercial banks; Nonbank financial institutions; Bank deposits; Pacific Islands; Asia and Pacific; Australia and New Zealand; Southeast Asia; East Asia (search for similar items in EconPapers)
Pages: 52
Date: 2005-03-31
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