Republic of Palau: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, March 13, 2006
Source details
- Canonical URL
- Republic of Palau: Staff Report for the 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: March 13, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831535.002
Key findings: growth and inflation
- Real GDP grew by 5 percent in FY2004 and FY2005.
- Inflation has been low.
- After several years of slow growth, the recent pickup was driven by a steady increase in visitor arrivals with the start of new airline routes and hotels.
Near-term prospects and medium-term uncertainties
- Economic prospects in the near term remain upbeat.
- Longer-term prospects are uncertain.
- Tourism will continue to be a main source of near-term growth.
- Ongoing externally financed large infrastructure projects will support construction and other services.
Policy themes and subject coverage
- Subjects flagged: Expenditure, Public financial management (PFM), Revenue administration.
- Keywords and policy-relevant topics: authorities' resolve, Capital spending, CR, Current spending, development agenda, Extra-budgetary funds, GDP, government, government bill, government operation, government's priority, ISCR, island state, Pacific Islands, private sector.