IMF Staff Country Reports

Republic of Palau : 2018 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:

February 5, 2019

Electronic Access:

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

Summary:

Palau, a small state in the Pacific, is heavily dependent on tourism and grants. Economic activity slowed down significantly due to lower tourism over the past two years. Growth is expected to pick up with a rebound in construction activities and tourism from FY2018 through 2020. The overall fiscal balance remained in surplus primarily owing to low capital expenditure and expected to improve further with the disbursement of the recently-ratified Compact grants. The outlook is generally favorable although subject to downside risks.

Series:

Country Report No. 19/43