Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Industry and industrial studies x
  • Western Hemisphere x
  • Palau, Republic of x
  • Macroeconomics x
  • Fiscal sector x
  • Public Finance x
Clear All Modify Search
Cover IMF Staff Country Reports
Republic of Palau: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper and Statistical Appendix describes Palau’s financial sector, its recent performance, and developments in regulatory reform. The paper considers illustrative scenarios of possible outcomes for public spending levels and growth under different assumptions with respect to future grants and the long-term value of government assets held in the Compact Trust Fund. Sensitivity of the results to the rate of return on assets is considered. The paper also covers recent fiscal performance, revenue and expenditure reforms, and some financing issues.
Keywords:
ISCR; CR; bank; trust fund; value; CTF withdrawal; CTF value; bank performance; tourism expenditure; development bank; Extra-budgetary funds; Tourism; Income and capital gains taxes; Pacific Islands; Europe; Africa; Caribbean; Global
Cover IMF Staff Country Reports
Republic of Palau: Staff Report for the 2005 Article IV Consultation
International Monetary Fund
This 2005 Article IV Consultation highlights that Palau’s economic growth has picked up in recent years while inflation has been low. After several years of slow growth, real GDP grew by 5 percent in FY2004 and FY2005, driven by a steady increase in visitor arrivals with the start of new airline routes and hotels. Economic prospects in the near term remain upbeat but are uncertain in the longer term. Tourism will continue to be a main source of near-term growth while ongoing externally financed large infrastructure projects will support construction and other services.
Keywords:
ISCR; CR; government; development agenda; GDP; government operation; private sector; government bill; authorities' resolve; government's priority; island state; Current spending; Extra-budgetary funds; Capital spending; Pacific Islands
Cover IMF Staff Country Reports
Republic of the Marshall Islands: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of the Marshall Islands
International Monetary Fund
Real output growth of the Republic of the Marshall Islands appears to have slowed sharply in FY2003 and again in FY2004. The 2005 Article IV Consultation highlights that the economic activity has been hampered by delays in implementing an upgraded public works program and the closure of a large privately owned tuna processing plant. The fiscal position deteriorated in FY2004. This deterioration reflects, on the revenue side, a decline in grants aimed at infrastructure projects owing in part to delays in initiating projects, lower income tax collection, and volatility in nontax revenue.
Keywords:
ISCR; CR; government; RMI authorities; government loan guarantee; staff; RMI; debt situation; financial assets; IMF staff estimate; Extra-budgetary funds; Pacific Islands
Cover IMF Staff Country Reports
Federated States of Micronesia: Staff Report for the 2004 Article IV Consultation
International Monetary Fund
The staff report for the 2004 Article IV Consultation on the Federated States of Micronesia (FSM) focuses on economic developments and policies. Fiscal and structural reforms are needed for the FSM to achieve self-sufficiency. The large government sector will be increasingly unsustainable given coming declines in grants. Fiscal adjustment will need to comprise both expenditure cuts and revenue measures. Structural reform priorities should include improvements to the legal framework for land use, foreign investment, and lending.
Keywords:
ISCR; CR; Micronesia; government; FSM authorities; regime; reform; FSM economy; public enterprise debt; public enterprise; FSM congress; government payroll level; Extra-budgetary funds; Public sector; Current spending; Pacific Islands