01776cas a2200241 a 4500 AALejournalIMF017197 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475550610 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Vanuatu : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (86 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 2016 Article IV Consultation highlights that Vanuatu's economy is gradually recovering from the extensive damages caused by Cyclone Pam, which hit the country in March 2015. The cyclone led to a decline in GDP of about 0.8 percent in 2015. The current account deficit widened to 11 percent of GDP in 2015 from an average of 3 percent of GDP in the previous three years. Near-term prospects are favorable, but risks to the outlook are tilted to the downside. Real GDP growth is expected to reach 4 percent in 2016 and 4.5 percent in 2017 driven by the recovery in tourism and agriculture, and further ramping-up of infrastructure projects. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/336 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/336/002.2016.issue-336-en.xml IMF e-Library