Vanuatu: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 121

Publication date: March 2005

ISBN: 9781451840551

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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.

Banks and Banking , ISCR , CR , bank , Vanuatu , nonbank , GDP , monetary policy , RBV note , RBV overdraft limit , RBV's benchmark rate , RBV quote , parent bank , money multiplier , operating income , rate of return , overdraft limit , monetary policy stance , basket of currencies , return on assets , Offshore financial centers , Commercial banks , Nonbank financial institutions , Bank deposits , Pacific Islands , Asia and Pacific , Australia and New Zealand , Southeast Asia , East Asia

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Summary

This Selected Issues paper analyzes fiscal management and strategy for growth for Vanuatu. It presents an overview of recent fiscal policy and outcomes. The main structural changes in the financial sector since independence in 1980 are discussed. The paper highlights some key features common to most Pacific Island countries’ financial systems. It concludes that despite the recovery from the 1998 financial crisis, the financial system needs further reforms to promote private sector-led development in the medium term.