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Challenges in Correspondent Banking in the Small States of the Pacific

Challenges in Correspondent Banking in the Small States of the Pacific »

Volume/Issue: 2017/90

Series: IMF Working Papers

Author(s): Jihad Alwazir , Fazurin Jamaludin , Dongyeol Lee , Niamh Sheridan , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

DOI: http://dx.doi.org/10.5089/9781475593471.001

ISBN: 9781475593471

Keywords: Marshall Islands, Fiji, Asia and Pacific, Pacific Islands, Palau, Papua New Guinea, Samoa, Small states, Solomon Islands, Tax evasion

Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances...

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

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

Volume/Issue: 2016/328

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2016

DOI: http://dx.doi.org/10.5089/9781475545937.002

ISBN: 9781475545937

Keywords: Article IV consultation reports, Economic growth, Tourism, Fiscal policy, Infrastructure, Climatic changes, Banks, Nonbank financial sector, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that Palau's economy has performed well in recent years. The economy grew strongly in FY2015 (ending September 30, 2015) at 9.4 percent, with tourist arrivals and constr...

Excerpt: Resilience and Growth in the Small States of the Pacific

Excerpt: Resilience and Growth in the Small States of the Pacific »

Series: Miscellaneous Publication (Other)

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2016

DOI: http://dx.doi.org/10.5089/9781484319833.073

ISBN: 9781484319833

This is a prepublication excerpt of Resilience and Growth in the Small States of the Pacific....

Asia and Pacific Small States Monitor, August 2014

Asia and Pacific Small States Monitor, August 2014 »

Series: Other Periodicals

Author(s): Shari Boyce , Sergei Dodzin , Ezequiel Cabezon , Fazurin Jamaludin , Yiqun Wu , and Rosanne Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2014

DOI: http://dx.doi.org/10.5089/9781498309073.029

ISBN: 9781498309073

Keywords: natural disasters, disasters, monetary policy, fiscal multipliers, government spending

This issue of the Asia & Pacific Small States Monitor focuses on the challenges facing Asia and Pacific small states associated with natural disasters and climate change. Most tourism-oriented economies experienced...

Republic of Palau
			: Staff Report for the 2014 Article IV Consultation

Republic of Palau : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/110

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

DOI: http://dx.doi.org/10.5089/9781484370230.002

ISBN: 9781484370230

Keywords: fiscal consolidation, tax reform, current account, public finance

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...

Republic of Palau
			: Selected Issues

Republic of Palau : Selected Issues »

Volume/Issue: 2014/111

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

DOI: http://dx.doi.org/10.5089/9781484370964.002

ISBN: 9781484370964

Keywords: long-term fiscal sustainability, budget constraint, fiscal consolidation, fiscal adjustment

This Selected Issues paper describes Palau's fiscal challenges and policy options to achieve long-term fiscal sustainability. Palau relies heavily on compact grants, and without continued fiscal consolidation over...

Are the Asia and Pacific Small States Different from Other Small States?

Are the Asia and Pacific Small States Different from Other Small States? »

Volume/Issue: 2013/123

Series: IMF Working Papers

Author(s): Patrizia Tumbarello , Ezequiel Cabezon , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

DOI: http://dx.doi.org/10.5089/9781484339190.001

ISBN: 9781484339190

Keywords: micro states, Pacific islands, growth, volatility, terms of trade, trade openness, current account balance, external shocks, trade deficits, Open Economy Macroeconomics

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation an...

Republic of Palau
			: Staff Report for the 2012 Article IV Consultation

Republic of Palau : Staff Report for the 2012 Article IV Consultation »

Volume/Issue: 2012/54

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2012

DOI: http://dx.doi.org/10.5089/9781475502404.002

ISBN: 9781475502404

Keywords: tourist, tourist arrivals, fiscal consolidation, tourism sector

This 2012 Article IV Consultation reports that Palau's growth is expected to be favorable at 3 percent in FY2012 and to average 2 percent over the medium term. The outlook is clouded by an unsettled global environm...

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.

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. »

Volume/Issue: 2010/116

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2010

DOI: http://dx.doi.org/10.5089/9781455207923.002

ISBN: 9781455207923

Keywords: budget, revenues, debt, article, domestic revenue

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 consolidatio...

Palau
			: Report on the Observance of Standards and Codes:  FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Palau : Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism »

Volume/Issue: 2009/8

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2009

DOI: http://dx.doi.org/10.5089/9781451831573.002

ISBN: 9781451831573

Keywords: money laundering, terrorism, terrorist, due diligence

This report examines Palau's observance of Standards and Codes on the Financial Action Task Force's recommendations for antimoney laundering (AML) and combating the financing of terrorism (CFT). Palau has strengthe...