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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...