Republic of Palau : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

March 28, 2002

Electronic Access:

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Summary:

This paper examines recent economic developments in the Republic of Palau. Palau has made a modest recovery in 2000 and 2001. Real GDP growth has been about 1 percent in 2000 and 2001, after the recession brought about by the Asian crisis reached its trough of negative 5½ percent growth in 1999. This recovery was mainly owing to grant-financed large infrastructure projects. However, the outlook on tourism, Palau’s major industry, remains weak owing to the events on September 11, and the expected El Nino, which also threaten the development of tourism-related private sector projects.

Series:

Country Report No. 02/70

Subject:

English

Publication Date:

March 28, 2002

ISBN/ISSN:

9781451831498/1934-7685

Stock No:

1PLWEA0022002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

47

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