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Vanuatu: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2019: Issue 162
Language:
English
Publication Date:
13 Jun 2019
DOI:
https://doi.org/10.5089/9781498319485.002
ISBN:
9781498319485
ISSN:
1934-7685
Pages:
87
Keywords:
ISCR; CR; authority; Vanuatu; exchange rate; debt; IMF banking sector diagnostic; monetary policy stance; IMF quota; liability positions vis-à-vis nonresident; Vanuatu authorities; debt management framework; Natural disasters; Loans; Anti-money laundering and combating the financing of terrorism (AML/CFT); Australia and New Zealand; Pacific Islands; Global
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Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight. The authorities are now focused on implementing their broader development plans that were slowed by the rebuilding process, which will require fiscal discipline and reforms to maintain debt sustainability. The authorities should continue their constructive engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding. In parallel continuing to reform and strengthen the governance of institutions and removing vulnerabilities to corruption will be important.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund