IMF Staff Country Reports

Republic of Palau: Staff Report for the 2005 Article IV Consultation

Publication Date:

March 13, 2006

Electronic Access:

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

Summary:

This 2005 Article IV Consultation highlights that Palau’s economic growth has picked up in recent years while inflation has been low. After several years of slow growth, real GDP grew by 5 percent in FY2004 and FY2005, driven by a steady increase in visitor arrivals with the start of new airline routes and hotels. Economic prospects in the near term remain upbeat but are uncertain in the longer term. Tourism will continue to be a main source of near-term growth while ongoing externally financed large infrastructure projects will support construction and other services.

Series:

Country Report No. 2006/108

Subject:

Expenditure Public financial management (PFM) Revenue administration

Frequency:

Quarterly