Republic Of Palau 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of Palau
Download Republic Of Palau 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of Palau full books in PDF, epub, and Kindle. Read online free Republic Of Palau 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of Palau ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 76 |
| Release | : 2021-12-09 |
| Genre | : Business & Economics |
| ISBN | : 1616357185 |
The COVID-19 pandemic and related containment measures have severely impacted the economy. Border closure and the suspension of commercial flights curtailed tourist arrivals. Real GDP contracted by 9.7 percent in FY2020, notwithstanding policy support. The economic contraction is estimated to have deepened in FY2021, and a gradual recovery is expected in FY2022 as tourism activities resume. While Palau’s public debt remains sustainable, the economic fallout of the pandemic and the cost of the fiscal response have led to a sharp deterioration of the fiscal position and a rapid increase in public debt. The high share of concessional loans from multilateral creditors in Palau’s external debt is an important risk mitigating factor. Palau is vulnerable to climate change and natural disasters.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 81 |
| Release | : 2023-12-21 |
| Genre | : Business & Economics |
| ISBN | : |
Palau has emerged from the pandemic with significant output loss, elevated public debt and historically high inflation. Adverse demographic trends, high dependence on tourism and external support, and vulnerability to climate change risks raise vulnerabilities. The authorities successfully enacted a fiscal responsibility framework and modernized the tax system. A new Compact Review Agreement (CRA-23), with better financial terms, is awaiting approval by US Congress.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 2016-10-20 |
| Genre | : Business & Economics |
| ISBN | : 1475545940 |
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
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2014-05-06 |
| Genre | : Business & Economics |
| ISBN | : 1484370341 |
This 2014 Article IV Consultation highlights that after two years of strong expansion, growth is estimated at about zero percent in the fiscal year 2013 (FY2013, ending in September) in the Republic of Palau owing to declines in construction and tourism. Inflation moderated to 23⁄4 percent (annual average) in FY2013 thanks to stable international food and fuel prices, and it is expected to stay at about 3 percent in FY2014. Growth is projected to increase to 13⁄4 percent in FY2014 and to 21⁄4–21⁄2 percent over the medium term driven by the recovery in tourism and infrastructure developments.
| Author | : Kenneth Kang |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
| Author | : Masahiko Takeda |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
| Author | : Asian Development Bank |
| Publisher | : Asian Development Bank |
| Total Pages | : 540 |
| Release | : 2021-02-01 |
| Genre | : Business & Economics |
| ISBN | : 9292627163 |
The coronavirus disease (COVID-19) pandemic disrupted both supply and demand sides of an interconnected world economy in 2020. Asia and the Pacific was not immune as lockdowns and travel and trade restrictions affected nearly all aspects of cross-border economic activity. This publication examines the initial impact on trade, investment, finance, and people’s mobility across the region as the pandemic struck. It looks at how regional economies individually or collectively respond to the crisis by, for example, leveraging rapid technological progress and digitalization as well as increasing services trade to reconnect and recover. The theme chapter focuses on digital platforms and how they can accelerate digital transformation across the region.
| Author | : Asian Development Bank |
| Publisher | : Asian Development Bank |
| Total Pages | : 188 |
| Release | : 2022-08-01 |
| Genre | : Business & Economics |
| ISBN | : 929269670X |
The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2010-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1455207926 |
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.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 66 |
| Release | : 2021-12-03 |
| Genre | : Business & Economics |
| ISBN | : 1616356146 |
Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.
