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Law > Business and Financial

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Cover IMF Staff Country Reports
Vanuatu: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu
International Monetary Fund
This 2004 Article IV Consultation highlights that Vanuatu’s real GDP growth rebounded to 2.4 percent in 2003, and the recovery continued in 2004 with growth of an estimated 3 percent. The improvement was bolstered by a strong supply response to a recovery in export prices and the liberalization of trading in two key exports (cocoa and copra), the discovery of new markets for kava following the ban by several countries in 2002, and higher tourist arrivals with an expansion in airline capacity to Vanuatu. Progress has also been made in strengthening Vanuatu’s financial sector.
Keywords:
ISCR; CR; government; Vanuatu economy; business service; experiences cyclone; adjustable peg; Vanuatu's development; Imports; Current spending; Pacific Islands; Global; Caribbean
Cover IMF Staff Country Reports
Vanuatu: Assessment of the Supervision and Regulation of the Financial Sector Volume I-Review of Financial Sector Regulation and Supervision
International Monetary Fund
This report assesses Vanuatu's regulatory and supervisory arrangements for the financial sector complied with internationally accepted standards and measures of good practice. It assesses all the main domestic and offshore sectors, as well as the prudential aspects of measures to combat money laundering. It also provides recommended action plans to improve compliance of the Basel Core Principles, cross-sectoral issues, and assessment of the insurance, trust company, and company service provider sectors.
Keywords:
ISCR; CR; service providers; minister of finance; incorporated company; attorney general; beneficial owner; company management business; business plan; Insurance; Insurance companies; Offshore financial centers; Legal support in revenue administration; Southeast Asia; Global; Asia and Pacific
Cover IMF Staff Country Reports
Vanuatu: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vanuatu
International Monetary Fund
This 2002 Article IV Consultation highlights that despite frequent shocks and an uncertain policy environment in Vanuatu, macroeconomic stability has been maintained. Real GDP growth was 2½ percent in 2000 owing to an agriculture-led recovery. However, the economy contracted by 2 percent in 2001, owing to the effects of several major cyclones and a global downturn in agriculture and tourism. Inflation remained subdued, increasing from 2½ percent in 2000 to 3¾ percent in 2001. The current account surplus declined from 2 percent of GDP in 2000 to ¾ percent in 2001.
Keywords:
ISCR; CR; government; data provision; broad money growth; reserve bank of Vanuatu; government financing needs; staff appraisal; Vanuatu authorities; Offshore financial centers; Budget planning and preparation; Pacific Islands; Global