Republic of Palau: Staff Report for the 2012 Article IV Consultation

March 14, 2012

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Republic of Palau: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed December 23, 2024

Summary

This 2012 Article IV Consultation reports that Palau’s growth is expected to be favorable at 3 percent in FY2012 and to average 2 percent over the medium term. The outlook is clouded by an unsettled global environment, and downside risks dominate. Highly dependent on tourism, imports of food and fuel, and foreign aid, Palau remains vulnerable to external headwinds and has limited policy space to counter these risks. The authorities have made commendable efforts to reduce the current fiscal deficit markedly during FY2010–11, but the deficit remains sizable.

Subject: Budget planning and preparation, Currencies, Expenditure, Fiscal policy, Fiscal stance, Public financial management (PFM), Revenue administration

Keywords: Asia and Pacific, Authorities in the Republic of Palau, Authority, Budget planning and preparation, CR, Energy sector reform, Fiscal stance, Fund staff, Global, ISCR, Pacific Islands, Reform agenda, Staff, Tourism sector

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/054
Stock No:

1PLWEA2012001
ISBN:

9781475502404
ISSN:

1934-7685

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