IMF Staff Country Reports

Republic of Palau: Staff Report for the 2001 Article IV Consultation

Publication Date:

March 28, 2002

Electronic Access:

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Summary:

This 2001 Article IV Consultation highlights that the Republic of Palau faces a number of development challenges. Substantial improvements in human and physical infrastructure are needed to sustain higher growth rates. About 80 percent of the land area is on the Babeldaob Island, which is virtually inaccessible now, but it is expected to develop rapidly after the completion of a Japan-funded bridge in 2002 and a United States-funded island access road in 2004. Asset balances have been declining as a result of drawdowns to finance fiscal deficits, as well as recent investment losses.

Series:

Country Report No. 2002/069

Subject:

Balance of payments Current spending Expenditure Foreign direct investment Income National accounts Revenue administration Tariffs Taxes