IMF Staff Country Reports

Republic of Palau: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Palau

Publication Date:

December 21, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Palau has emerged from the pandemic with significant output loss, elevated public debt and historically high inflation. Adverse demographic trends, high dependence on tourism and external support, and vulnerability to climate change risks raise vulnerabilities. The authorities successfully enacted a fiscal responsibility framework and modernized the tax system. A new Compact Review Agreement (CRA-23), with better financial terms, is awaiting approval by US Congress.

Series:

Country Report No. 2023/430

Subject:

Climate change Economic sectors Environment Fiscal policy Fiscal stance International organization Monetary policy Public debt Public financial management (PFM) Tourism

Frequency:

regular