Vanuatu: Selected Issues
Volume/Issue:
Volume 2007
Issue 093
Publication date: March 2007
ISBN: 9781451840582
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Money and Monetary Policy , ISCR , CR , Vanuatu , bank , growth performance , cost , Vanuatu government , development bank , growth prospect , costs of business startup , registry cost , Nonperforming loans , Commercial banks , Aid flows , Credit , Loans , Pacific Islands , Australia and New Zealand , Asia and Pacific
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Summary
This Selected Issues paper focuses on the reasons for the historically weak performance of Vanuatu. Among the key factors, growth has been hindered by substantial barriers to private sector development. Impediments include political uncertainty, high costs of doing business, poor and costly infrastructure, incomplete secured transactions framework, and weak land and property rights. Although these problems are not uncommon in the Pacific island region, Vanuatu’s progress in these structural reforms has been particularly slow, deterring foreign investment and reducing external competitiveness.
