Republic of Palau : Staff Report for the 2003 Article IV Consultation

The Republic of Palau is a small island economy, heavily dependent on tourism and external assistance. Economic growth has been modest in the last few years and inflation is low. The authorities launched a wide range of reform initiatives since 2001, but several important ones have stalled in the legislative process. Although the banking regulatory framework still needs improvements for effective implementation, a tax reform package, a new foreign investment law, a statistics law, and proposals related to streamlining the executive and legislative branch have not yet been enacted.
Publication date: April 2004
ISBN: 9781451831481
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Economics- Macroeconomics , Economics- Macroeconomics , debt , article , public sector , deficit , budget

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