The financial sector in Vanuatu: Reform and new challenges

Patrick De Fontenay

    Research output: Contribution to journalArticlepeer-review

    2 Citations (Scopus)

    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 languageEnglish
    Pages (from-to)17-26
    Number of pages10
    JournalPacific Economic Bulletin
    Volume15
    Issue number1
    Publication statusPublished - 2000

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