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Vanuatu: Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument

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  • International Monetary Fund

Abstract

This 2015 Article IV Consultation highlights that Vanuatu’s Real GDP is expected to decline by 2 percent in 2015 because of the cyclone damage to Vanuatu’s main export sectors—tourism and agriculture—which will be only partially offset by reconstruction activities and infrastructure investment. Risks to the outlook are biased to the downside since reconstruction may be constrained by availability of funding and by implementation capacity. Public sector recovery needs are estimated at about 20 percent of GDP. In 2016, a recovery in tourism and agriculture combined with further ramping-up of infrastructure projects is expected to propel growth to 5 percent.

Suggested Citation

  • International Monetary Fund, 2015. "Vanuatu: Staff Report for the 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument," IMF Staff Country Reports 2015/149, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/149
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    Cited by:

    1. Bon, Gatien & Cheng, Gong, 2021. "Understanding China's role in recent debt relief operations: A case study analysis," International Economics, Elsevier, vol. 166(C), pages 23-41.
    2. Gatien Bon & Gong Cheng, 2020. "China’s overseas Sovereign debt relief actions: What insights do recent cases provide?," EconomiX Working Papers 2020-22, University of Paris Nanterre, EconomiX.

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