Front Matter Page
IMF Country Report No. 14/111
REPUBLIC OF PALAU
SELECTED ISSUES
May 2014
This Selected Issues Paper on the Republic of Palau was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on April 7, 2014.
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Front Matter Page
REPUBLIC OF PALAU
SELECTED ISSUES
April 7, 2014
Approved By Stephan Danninger
Prepared by Asia and Pacific Department
Contents
Achieving Long-term Fiscal Sustainability in Palau
A. Fiscal Challenges
B. Achieving Long-Term Fiscal Sustainability
C. Policy Implications
BOXES
1. The Compact of Free Association
2. Comprehensive Tax Reform—Technical Assistance Recommendations
FIGURE
1. Long-Term Fiscal Sustainability, FY2010–40
TABLE
1. Tax Revenue in Pacific Islands Countries
APPENDIX
1. The Intertemporal Budget Constraint
REFERENCES
PROMOTING TOURISM AND GROWTH IN PALAU
A. The Patterns of Tourism
B. The Economic Role of Tourism
C. Promoting Tourism and Private Sector Development to Sustain Growth
BOX
1. Estimating the Impact of Tourism on Income
FIGURE
1. Palau and Pacific Islands Comparators
TABLE
1. Tourism-Related Challenges and Policy Priorities
REFERENCES