Republic of Palau: Staff Report for the 2003 Article IV Consultation

April 1, 2004

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Republic of Palau: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 29, 2024

Summary

The Republic of Palau is a small island economy, heavily dependent on tourism and external assistance. Economic growth has been modest in the last few years and inflation is low. The authorities launched a wide range of reform initiatives since 2001, but several important ones have stalled in the legislative process. Although the banking regulatory framework still needs improvements for effective implementation, a tax reform package, a new foreign investment law, a statistics law, and proposals related to streamlining the executive and legislative branch have not yet been enacted.

Subject: Capital spending, Current spending, Expenditure, Public debt, Revenue administration

Keywords: Capital spending, Cash grant, Cost reduction plan, CR, Current spending, Debt management capacity, Economy, Government, Grant, IMF staff estimate, ISCR, Pacific Islands, Paluan authorities, Tourism competitiveness

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/085
Stock No:

1PLWEA0012004
ISBN:

9781451831481
ISSN:

1934-7685

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