Republic of Palau: 2010 Article IV Consultation: Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Republic of Palau on the Executive Board Discussion.
May 13, 2010
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The key findings of the Republic of Palau’s 2010 Article IV Consultation shows that the single most important issue in Palau remains fiscal policy, including its effect on medium-term growth, as fiscal consolidation proceeds. The global financial crisis followed on the heels of a massive terms-of-trade shock, leading to a sharp curtailment of foreign direct investment and private credit. Tourism tumbled following an airline bankruptcy, and construction activity fell as major infrastructure projects reached completion.
Subject: Budget planning and preparation, Expenditure, Extra-budgetary funds, Fiscal policy, National accounts, Public financial management (PFM), Revenue administration
Keywords: authorities' topmost priority, Budget planning and preparation, cash position, consideration staff recommendation, CR, FDI regime, Global, government, ISCR, Pacific Islands, Palau, staff, staff concern
Pages:
46
Volume:
2010
DOI:
Issue:
116
Series:
Country Report No. 2010/116
Stock No:
1PLWEA2010001
ISBN:
9781455207923
ISSN:
1934-7685
