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

March 28, 2002

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Republic of Palau: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

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.

Subject: Balance of payments, Current spending, Expenditure, Foreign direct investment, Income, National accounts, Revenue administration, Tariffs, Taxes

Keywords: A number of development challenge, Asia and Pacific, Bill, Bottom, CR, Current spending, Foreign direct investment, Government asset balance, Import tax reform, Income, ISCR, October-November period, Pacific Islands, Reform, Staff appraisal, Tariffs

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/069
Stock No:

1PLWEA0012002
ISBN:

9781451831474
ISSN:

1934-7685

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