IMF Staff Country Reports

Republic of Palau: Staff Report for the 2003 Article IV Consultation

Publication Date:

April 1, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Republic of Palau is a small island economy, heavily dependent on tourism and external assistance. Economic growth has been modest in the last few years and inflation is low. The authorities launched a wide range of reform initiatives since 2001, but several important ones have stalled in the legislative process. Although the banking regulatory framework still needs improvements for effective implementation, a tax reform package, a new foreign investment law, a statistics law, and proposals related to streamlining the executive and legislative branch have not yet been enacted.

Series:

Country Report No. 2004/085

Subject:

Capital spending Current spending Expenditure Public debt Revenue administration