Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

Volume/Issue: Volume 2021 Issue 208

Publication date: September 2021

ISBN: 9781513597362

$0.00

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

Available Languages and Formats


English

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 , Vanuatu economy , Vanuatu authorities , authorities in Vanuatu , liability positions vis-à-vis nonresident , money market rate , Natural disasters , Anti-money laundering and combating the financing of terrorism (AML/CFT) , External sector statistics , Pacific Islands , Global

Also of interest

Republic of Congo : 2001 Article IV

Spain

Malawi

Peru

Summary

Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive economic damage in 2020. In the context of a continued loss of correspondent banking relationships (CBRs) in the Pacific, Vanuatu also lost a key CBR at end-June 2021. Air Vanuatu, one of the state-owned enterprises (SOEs), is in the process of being restructured.