Vanuatu: 2011 Article IV Consultation: Staff Report; Debt Sustainability Analysis; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2011/120, IMF Staff Country Reports from International Monetary Fund

Abstract: Vanuatu showed signs of a moderate rebound in economic activity owing to its good macroeconomic fundamentals and a supportive international community. Executive Directors encouraged the authorities to tighten monetary policy in response to rising inflation pressures. They emphasized the need to strengthen fiscal buffers to safeguard the hard-earned fiscal soundness. Directors underscored the need to safeguard external buffers by maintaining an adequate level of foreign exchange reserves. They encouraged further efforts to strengthen the regulatory and supervisory framework that covers the whole financial system.

Keywords: ISCR; CR; deficit; debt; real GDP; U.S. dollar; GDP deflator; inflation risk; foreign currency; broad money; PPG debt service; vatu loan; executive board discussion; Foreign assets; International reserves; Imports; Global (search for similar items in EconPapers)
Pages: 57
Date: 2011-05-31
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