Vanuatu: Recent Economic Developments

A variety of shocks have affected Vanuatu's recent economic performance. The government approved the Comprehensive Reform Program (CRP) developed with the support of the Asian Development Bank (AsDB). The IIIrd phase of the program is focused on entrenching and deepening the reforms already introduced, extending government reforms to embrace the parliament and the legal sector, and promoting economic growth. In addition, the government aims to strengthen the focus on social reforms, to ensure that the benefits of CRP are shared, and that reform is sustained.