Republic of Palau: Staff Report for the 2005 Article IV Consultation
Electronic Access:
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Summary:
This 2005 Article IV Consultation highlights that Palau’s economic growth has picked up in recent years while inflation has been low. After several years of slow growth, real GDP grew by 5 percent in FY2004 and FY2005, driven by a steady increase in visitor arrivals with the start of new airline routes and hotels. Economic prospects in the near term remain upbeat but are uncertain in the longer term. Tourism will continue to be a main source of near-term growth while ongoing externally financed large infrastructure projects will support construction and other services.
Series:
Country Report No. 2006/108
Subject:
Expenditure Public financial management (PFM) Revenue administration
Frequency:
Quarterly
English
Publication Date:
March 13, 2006
ISBN/ISSN:
9781451831535/1934-7685
Stock No:
1PLWEA2006001
Pages:
46
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