Vanuatu: the serious side of paradise

Since independence in 1980, Vanuatu has established a reputation as one of the most stable Pacific island countries. Its government is now promoting the islands as a tourist destination and offshore financial centre. Ben Davies reports from Port-Vila

A SUPPLEMENT TO EUROMONEY/AUGUST 1996

Time to get better known

When prime minister Maxime Carlot Korman took power in Vanuatu in February, he inherited what should in theory be one of the brightest economic stars in the Pacific. Vanuatu not only plays host to the longest-established offshore financial centre in the region, but also boasts some of the biggest tourist attractions. These factors together with political stability have ensured steady growth.

Last year, GDP rose by an estimated 2.5%.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access