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

International Monetary Fund

No 2010/116, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; Palau; staff; staff concern; authorities' topmost priority; FDI regime; cash position; consideration staff recommendation; Budget planning and preparation; Global; Pacific Islands (search for similar items in EconPapers)
Pages: 46
Date: 2010-05-13
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