Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu write by International Monetary. This book was released on 2021-09-14. Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu available in PDF, EPUB and Kindle. 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.
Vanuatu
Vanuatu - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vanuatu write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2019-06-13. Vanuatu available in PDF, EPUB and Kindle. Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight. The authorities are now focused on implementing their broader development plans that were slowed by the rebuilding process, which will require fiscal discipline and reforms to maintain debt sustainability. The authorities should continue their constructive engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding. In parallel continuing to reform and strengthen the governance of institutions and removing vulnerabilities to corruption will be important.
Vanuatu
Vanuatu - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vanuatu write by International Monetary. This book was released on 2023-03-22. Vanuatu available in PDF, EPUB and Kindle. 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.
Vanuatu
Vanuatu - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vanuatu write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2024-09-03. Vanuatu available in PDF, EPUB and Kindle. As Vanuatu was recovering from the multiple natural disasters of 2023, the voluntary liquidation of Air Vanuatu in May 2024 created a major shock with significant effects on growth and business confidence. The negotiations about the future of the airline, along with developments linked to the Economic Citizenship Program (ECP) will have significant economic, social, fiscal, and financial integrity implications. Disruptions to connectivity, tourism, and services will likely affect economic activity in 2024: real GDP growth is expected to grow only by around 1 percent y/y, and the current account deficit will likely widen around 71⁄2 percent of GDP, although there is significant uncertainty to forecasts. Ongoing vulnerabilities and exposure to other risks keep the balance of risks to the downside. Structural vulnerabilities to governance, corruption, and natural disasters remain.
Republic of Nauru
Republic of Nauru - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Republic of Nauru write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2023-11-28. Republic of Nauru available in PDF, EPUB and Kindle. Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies
