IMF Staff Country Reports

Republic of Palau : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

October 19, 2016

Electronic Access:

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

Summary:

Palau is a middle-income micro state in the Pacific (population: 18,000) that relies heavily on tourism and grants, and is exposed to natural disasters. The economy grew strongly at 9.4 percent in FY2015 led by robust tourism and construction activity, but the surge in tourist arrivals strained infrastructure and was tilted to low budget tourism. The fiscal position has improved, but further efforts are needed to ensure long-term fiscal sustainability. The outlook is favorable although subject to significant downside risks. The discussions focused on

Series:

Country Report No. 16/328

Subject:

Article IV consultation reports Balance of payments statistics Bank supervision Banks Climatic changes Debt sustainability analysis Economic growth Economic indicators Fiscal policy Infrastructure Nonbank financial sector Palau Press releases Staff Reports Tourism