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

International Monetary Fund

No 2004/085, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; grant; tourism competitiveness; debt management capacity; economy; IMF staff estimate; cost reduction plan; Paluan authorities; cash grant; Capital spending; Current spending; Pacific Islands (search for similar items in EconPapers)
Pages: 40
Date: 2004-04-01
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Citations: View citations in EconPapers (11)

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