Vanuatu: Selected Issues

International Monetary Fund

No 2007/093, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper focuses on the reasons for the historically weak performance of Vanuatu. Among the key factors, growth has been hindered by substantial barriers to private sector development. Impediments include political uncertainty, high costs of doing business, poor and costly infrastructure, incomplete secured transactions framework, and weak land and property rights. Although these problems are not uncommon in the Pacific island region, Vanuatu’s progress in these structural reforms has been particularly slow, deterring foreign investment and reducing external competitiveness.

Keywords: ISCR; CR; Vanuatu; bank; growth performance; cost; Vanuatu government; development bank; growth prospect; costs of business startup; registry cost; Nonperforming loans; Commercial banks; Aid flows; Credit; Loans; Pacific Islands; Australia and New Zealand; Asia and Pacific (search for similar items in EconPapers)
Pages: 18
Date: 2007-03-05
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