Republic of Palau: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau

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Publisher : International Monetary Fund
ISBN 13 : 1616357185
Total Pages : 76 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Republic of Palau: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau by : International Monetary

Download or read book Republic of Palau: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-09 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and related containment measures have severely impacted the economy. Border closure and the suspension of commercial flights curtailed tourist arrivals. Real GDP contracted by 9.7 percent in FY2020, notwithstanding policy support. The economic contraction is estimated to have deepened in FY2021, and a gradual recovery is expected in FY2022 as tourism activities resume. While Palau’s public debt remains sustainable, the economic fallout of the pandemic and the cost of the fiscal response have led to a sharp deterioration of the fiscal position and a rapid increase in public debt. The high share of concessional loans from multilateral creditors in Palau’s external debt is an important risk mitigating factor. Palau is vulnerable to climate change and natural disasters.

Republic of Palau

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of Palau by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-12-21 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Republic of Palau

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484397916
Total Pages : 63 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Palau by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-02-05 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article IV Consultation discussions with the Republic of Palau focused on ensuring long-term fiscal sustainability, making potential growth more resilient and sustainable, and preserving financial stability and facilitating credit extension. The consultation discussions also highlight that the main economic policy priorities for Palau are to develop a medium-term fiscal framework and strategy to help manage fiscal risks and the expiration of the Compact grants, to raise public investment, to protect social spending, to make growth more resilient and sustainable through other reforms, and to preserve financial stability and integrity. The current fiscal policy approach is based on the legal requirement to maintain a balanced or surplus cash flow for various parts of the budget. While this fiscal policy strategy has resulted in overall budget surpluses and a decline in net debt, the move to a medium-term fiscal framework and strategy would help Palau to address future challenges.

Asian Economic Integration Report 2021

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292627163
Total Pages : 540 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Asian Economic Integration Report 2021 by : Asian Development Bank

Download or read book Asian Economic Integration Report 2021 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-02-01 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic disrupted both supply and demand sides of an interconnected world economy in 2020. Asia and the Pacific was not immune as lockdowns and travel and trade restrictions affected nearly all aspects of cross-border economic activity. This publication examines the initial impact on trade, investment, finance, and people’s mobility across the region as the pandemic struck. It looks at how regional economies individually or collectively respond to the crisis by, for example, leveraging rapid technological progress and digitalization as well as increasing services trade to reconnect and recover. The theme chapter focuses on digital platforms and how they can accelerate digital transformation across the region.

Republic of Palau

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475545932
Total Pages : 52 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Republic of Palau by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-10-19 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Palau is a middle-income micro state in the Pacific (population: 18,000) that relies heavily on tourism and grants, and is exposed to natural disasters. The economy grew strongly at 9.4 percent in FY2015 led by robust tourism and construction activity, but the surge in tourist arrivals strained infrastructure and was tilted to low budget tourism. The fiscal position has improved, but further efforts are needed to ensure long-term fiscal sustainability. The outlook is favorable although subject to significant downside risks. The discussions focused on

Pacific Economic Monitor – August 2022

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Author :
Publisher : Asian Development Bank
ISBN 13 : 929269670X
Total Pages : 188 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Pacific Economic Monitor – August 2022 by : Asian Development Bank

Download or read book Pacific Economic Monitor – August 2022 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-08-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.

Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616356146
Total Pages : 66 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji by : International Monetary

Download or read book Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-03 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.

Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru by : International Monetary

Download or read book Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-07 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early and decisive measures successfully prevented an outbreak of COVID-19 in Nauru, and as of January 2022 there have been no COVID-19 cases on the island. Strong pandemic policy measures supported the economy, which continued to expand in FY20 and FY21. Nauru’s remoteness and size constrain potential growth and it is severely exposed to the negative effects of climate change on sea levels and the ocean stock of tuna. Development challenges are exacerbated by limited capacity and a high incidence of non-communicable diseases (NCDs).

Routledge Handbook on Tourism and Small Island States in the Pacific

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Author :
Publisher : Taylor & Francis
ISBN 13 : 0429672330
Total Pages : 426 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Routledge Handbook on Tourism and Small Island States in the Pacific by : Marcus L. Stephenson

Download or read book Routledge Handbook on Tourism and Small Island States in the Pacific written by Marcus L. Stephenson and published by Taylor & Francis. This book was released on 2022-12-30 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely handbook critically examines the development and role of tourism in small Pacific Island states located across Melanesia, Micronesia and Polynesia. The volume presents an expansive evaluation of current issues, challenges and potentialities for the 13 self-governing states. Interdisciplinary in coverage and borne of a varied and international authorship, this handbook incorporates 27 specifically commissioned and original contributions. Structured into four thematic sections and embellished with insightful tables and illustrations throughout, the overarching ethos of this volume is to contribute to framing the role of tourism, tourism development and the tourism industry within the context of self-governing Pacific Island states faced with the challenge of pursuing an independent path of development. In doing so, the work highlights and deciphers various tourism development perplexities in the Pacific, examining closely the intersecting sociocultural, geopolitical, environmental, organizational, operational and strategic challenges. This volume, thus, discusses a range of issues: facilitators and inhibitors of tourism growth and development; climate change, ecological concerns, and eco-tourism; non-tourism and undertourism; crisis management and the COVID-19 virus; transportation and tourism infrastructural concerns; tourism policy and planning (including tourism governance); sectoral links between tourism; food and agriculture; gender and micro-entrepreneurship; community management and participation; cultural and natural heritage sites; and the handicraft industry. The work pays critical attention to the various trajectories of sustainable tourism and the United Nations Sustainable Development Goals. Despite the many challenges and concerns raised, the book implicates the importance of good governance, progressive post-COVID-19 recovery strategies and directives, and creative and imaginative options in the successful development, re-development and advancement of tourism. As a definitive reference resource for this subject area, this handbook will be of great interest to students, researchers and academics within tourism, development studies, geography, Pacific studies, sustainability and environmental studies.

Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616350938
Total Pages : 81 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia by : International Monetary

Download or read book Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia written by International Monetary and published by International Monetary Fund. This book was released on 2021-11 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters.

Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513572865
Total Pages : 78 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands by : International Monetary

Download or read book Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-27 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued travel restrictions. Economic activity is expected to pick up in FY2022, as COVID-related restrictions will be relaxed gradually. The government is currently negotiating the renewal of Compact of Free Association (COFA) financial provisions with the United States, but terms remain uncertain. The government is considering to repeal the SOV Act and a bill on establishing a Digital Economic Zone was submitted to the Parliament recently.

Republic of Palau: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Palau

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484370341
Total Pages : 45 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Palau: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Palau by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Palau: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-05-06 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 to declines in construction and tourism. Inflation moderated to 2¾ percent (annual average) in FY2013 thanks to stable international food and fuel prices, and it is expected to stay at about 3 percent in FY2014. Growth is projected to increase to 1¾ percent in FY2014 and to 2¼–2½ percent over the medium term driven by the recovery in tourism and infrastructure developments.

Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151357311X
Total Pages : 57 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize by : International Monetary

Download or read book Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-07 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels. The opposition People’s United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump start much needed reforms to reduce large imbalances and anchor strong and inclusive growth.

Republic of the Marshall Islands

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Republic of the Marshall Islands by :

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Republic of Nauru

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of Nauru by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Nauru written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-11-28 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies

Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago by : International Monetary

Download or read book Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-10 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trinidad and Tobago faced unprecedented challenges in 2020–21. The combined effects of COVID-19 and energy production and price shocks pushed the economy further into recession. A decisive policy response helped contain the virus spread and protect lives and livelihoods. The fiscal position worsened due to significant tax revenues shortfalls, pushing public debt up. The vaccination pace accelerated recently, but vaccine hesitancy remains high, amid a potential new wave of infections.

Republic of the Marshall Islands

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of the Marshall Islands by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of the Marshall Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-10-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real GDP declined by 4.5 percent in FY2022 due entirely to a decline in fisheries. However, excluding the sector, growth was 4.2 percent, fueled by a recovery in domestic demand. Inflation has picked up due to higher food and fuel prices, while the current account surplus narrowed as COVID-related grants declined and the trade deficit widened.