Vanuatu:2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

Author: International Monetary Fund. Asia and Pacific Dept

Vanuatu: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

Volume/Issue: Volume 2023 Issue 115

Publication date: March 2023

ISBN: 9798400238079

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , Natural Disasters , staff appraisal , reconstruction effort , fuel shortage , money market rate , baseline projection , liability positions vis-à-vis nonresident , ECP revenue , Natural disasters , External sector statistics , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global , Pacific Islands , Australia and New Zealand , Asia and Pacific

Also of interest

Peru

Grenada

Nepal

Peru

Summary

Following a successful COVID-19 containment strategy, the border reopened in July 2022, and tourism is returning to Vanuatu. Economic activity is expected to be strong in the near term, with real GDP growing around 3.4 percent in 2023, as tourism and construction activities resume. High imported prices are likely to stoke inflation and push the current account into deficit, while fiscal policy will turn more expansionary. The Economic Citizenship Program (ECP) is facing significant challenges, with important implications for revenue and governance, while Air Vanuatu, the national airline, is facing serious operational and financial difficulties. Key structural vulnerabilities relating to climate change, limited infrastructure development capacity, and weak governance, persist.