Republic of Palau: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Republic of Palau

International Monetary Fund

No 2008/161, IMF Staff Country Reports from International Monetary Fund

Abstract: Over the past two years, economic activity in Palau has been slowed. Executive Directors welcomed the authorities’ disciplined policies, strong financial sector legislation, and prudent management of foreign grants. They encouraged the authorities to build a strong fiscal consolidation and improve the business environment. Directors applauded the authorities’ strong efforts to reduce expenditure. They stressed the need for strengthening tax administration and commended the well regulated financial sector, and encouraged the authorities to improve the coverage, reliability, and timeliness of key economic statistics.

Keywords: ISCR; CR; government; Palau; authorities' expenditure; financial asset; U.S. dollar; exchange rate; trust fund; consumer demand; gradual adjustment; Extra-budgetary funds; Budget planning and preparation; Foreign direct investment; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 41
Date: 2008-05-16
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21974 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2008/161

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().