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Cover IMF Staff Country Reports
Vanuatu: Selected Issues and Statistical Appendix
International Monetary Fund
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