Abstract
The financial sector in Vanuatu is relatively large for a country at its level of development. In 1998, financial services, including insurance, accounted for 7.5 per cent of GDP and 10.6 per cent of foreign exchange receipts from exports of good and services. About half of this was contributed by the offshore centre, the largest in the region. This survey describes the structure of the financial sector and the weaknesses which necessitated a major reform and restructuring effort. The offshore centre is analysed, and outstanding issues for the future of the financial sector are discussed.
Original language | English |
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Pages (from-to) | 17-26 |
Number of pages | 10 |
Journal | Pacific Economic Bulletin |
Volume | 15 |
Issue number | 1 |
Publication status | Published - 2000 |