Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 81 pages
File Size : 10,45 MB
Release : 2023-12-21
Category : Business & Economics
ISBN :
Book Description
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.