Vanuatu - business

Vanuatu - business -- Review

Vanuatu has joined the Asian Development Bank, the World Bank, the International Monetary Fund, the Agence de Cooperation Culturelle et Technique, la Francophonie and the Commonwealth of Nations.
Since 1980, Australia, the United Kingdom (UK), France, and New Zealand have provided the bulk of Vanuatu's development aid. Direct aid from the UK to Vanuatu ceased in 2005 following the decision by the UK to no longer focus on the Pacific. However, more recently new donors such as the Millennium Challenge Account (MCA) and the People's Republic of China have been providing increased amounts of aid funding. In 2005 the MCA announced that Vanuatu was one of the first 15 countries in the world selected to receive support—an amount of US$65 million was given for the provision and upgrading of key pieces of public infrastructure.
Vanuatu retains strong economic and cultural ties to Australia, the European Union (in particular France and UK) and New Zealand. Australia now provides the bulk of external assistance, including to the police force, which has a paramilitary wing. Vanuatu's military consist of a small, mobile, corps of 300 volunteers, the Vanuatu Mobile Force (VMF), which forms part of the Vanuatu Police Force (VPF). Total military expenditures are not available.

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