Republic of Palau: Staff Report for the 2001 Article IV Consultation
March 28, 2002
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This 2001 Article IV Consultation highlights that the Republic of Palau faces a number of development challenges. Substantial improvements in human and physical infrastructure are needed to sustain higher growth rates. About 80 percent of the land area is on the Babeldaob Island, which is virtually inaccessible now, but it is expected to develop rapidly after the completion of a Japan-funded bridge in 2002 and a United States-funded island access road in 2004. Asset balances have been declining as a result of drawdowns to finance fiscal deficits, as well as recent investment losses.
Subject: Balance of payments, Current spending, Expenditure, Foreign direct investment, Income, National accounts, Revenue administration, Tariffs, Taxes
Keywords: a number of development challenge, Asia and Pacific, bill, bottom, CR, Current spending, Foreign direct investment, government asset balance, import tax reform, Income, ISCR, October-November period, Pacific Islands, reform, staff appraisal, Tariffs
Pages:
47
Volume:
2002
DOI:
Issue:
069
Series:
Country Report No. 2002/069
Stock No:
1PLWEA0012002
ISBN:
9781451831474
ISSN:
1934-7685
