Republic of Palau: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Republic of Palau

May 16, 2008

Preview Citation

Format: Chicago

Republic of Palau: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Republic of Palau, (USA: International Monetary Fund, 2008) accessed September 19, 2024

Summary

Over the past two years, economic activity in Palau has been slowed. Executive Directors welcomed the authorities’ disciplined policies, strong financial sector legislation, and prudent management of foreign grants. They encouraged the authorities to build a strong fiscal consolidation and improve the business environment. Directors applauded the authorities’ strong efforts to reduce expenditure. They stressed the need for strengthening tax administration and commended the well regulated financial sector, and encouraged the authorities to improve the coverage, reliability, and timeliness of key economic statistics.

Subject: Balance of payments, Budget planning and preparation, Extra-budgetary funds, Fiscal policy, Foreign direct investment, Public financial management (PFM), Revenue administration

Keywords: Authorities' expenditure, Budget planning and preparation, Consumer demand, CR, Exchange rate, Extra-budgetary funds, Financial asset, Foreign direct investment, Global, Government, Gradual adjustment, ISCR, Pacific Islands, Palau, Trust fund, U.S. dollar

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/161
Stock No:

1PLWEA2008001
ISBN:

9781451831559
ISSN:

1934-7685

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