01742cas a2200241 a 4500 AALejournalIMF009234 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451840575 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Vanuatu : 2006 Article IV Consultation; Staff Report; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (47 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2006 Article IV Consultation highlights that following two years of contraction, output growth in Vanuatu recovered beginning in 2003, spurred by stronger performance in construction and a pickup in tourist arrivals. Growth reached 7 percent in 2005 and an estimated 5 1\2 percent in 2006, well above the average for Pacific island countries. The overall external balance has benefited from rising foreign direct investment, aid, and private capital inflows, with reserves increasing to more than 7 months of imports. If good macroeconomic policies continue and political stability is maintained, near-term prospects are positive. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2007/092 Full text available on IMF http://elibrary.imf.org/view/journals/002/2007/092/002.2007.issue-092-en.xml IMF e-Library