The staff report for Vanuatu’s 2009 Article IV Consultation discusses economic developments and policies. Vanuatu is well placed to take countercyclical measures should growth slow more than expected. Although close monitoring of banks is necessary given the rapid growth in the private sector credit last year, the wide differential in policy rates between Vanuatu and its major trading partners suggest that there is some scope for monetary easing if things deteriorate more than expected.
International Monetary Fund. Secretary's Department
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.