Republic of Palau: 2010 Article IV Consultation: Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Republic of Palau on the Executive Board Discussion.

May 13, 2010

Preview Citation

Format: Chicago

Republic of Palau: 2010 Article IV Consultation: Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Republic of Palau on the Executive Board Discussion., (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The key findings of the Republic of Palau’s 2010 Article IV Consultation shows that the single most important issue in Palau remains fiscal policy, including its effect on medium-term growth, as fiscal consolidation proceeds. The global financial crisis followed on the heels of a massive terms-of-trade shock, leading to a sharp curtailment of foreign direct investment and private credit. Tourism tumbled following an airline bankruptcy, and construction activity fell as major infrastructure projects reached completion.

Subject: Budget planning and preparation, Expenditure, Extra-budgetary funds, Fiscal policy, National accounts, Public financial management (PFM), Revenue administration

Keywords: Authorities' topmost priority, Budget planning and preparation, Cash position, Consideration staff recommendation, CR, FDI regime, Global, Government, ISCR, Pacific Islands, Palau, Staff, Staff concern

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/116
Stock No:

1PLWEA2010001
ISBN:

9781455207923
ISSN:

1934-7685

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