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Cover IMF Staff Country Reports
Vanuatu: Recent Economic Developments
International Monetary Fund
Vanuatu has maintained macroeconomic stability, but real GDP growth slowed despite the receipt of considerable foreign assistance and the implementation of structural reforms under the Comprehensive Reform Program (CRP). A sharp increase in liquidity, a consequent bulge in consumption, and a rise in imports have affected Vanuatu's recent economic performance. Inflation, as measured by the consumer price index for the main urban centers, has remained moderate in recent years. The paper also discusses prices and population, financial sector, and external sector developments of Vanuatu.
Keywords:
ISCR; CR; broad money; balance of payments; private sector; capital expenditure; debt service; U.S. dollar; real GDP; reserve bank of Vanuatu; Vanuatu government; foreign direct investment; exchange rate; Commercial banks; Imports; Exports; Currencies; Pacific Islands