Republic of Palau: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/069, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that the Republic of Palau faces a number of development challenges. Substantial improvements in human and physical infrastructure are needed to sustain higher growth rates. About 80 percent of the land area is on the Babeldaob Island, which is virtually inaccessible now, but it is expected to develop rapidly after the completion of a Japan-funded bridge in 2002 and a United States-funded island access road in 2004. Asset balances have been declining as a result of drawdowns to finance fiscal deficits, as well as recent investment losses.

Keywords: ISCR; CR; bottom; import tax reform; reform; staff appraisal; bill; October-November period; a number of development challenge; government asset balance; Income; Tariffs; Current spending; Foreign direct investment; Pacific Islands; Asia and Pacific (search for similar items in EconPapers)
Pages: 47
Date: 2002-03-28
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