Country Economic Report: The Republic of Palau
Taniguchi, K. | October 2005
Abstract
Palau is successful at this early stage of development as an independent nation, compared to other developing countries in the region. It is relatively well governed, with very few corruption cases; it has a functioning judiciary system and a relatively transparent financial and economic management process. The Government and the community will be faced with some difficult choices and decisions in the next few years if Palauans are to continue to enjoy the relatively high standards of health, education, and other public utilities which have been provided mostly free or heavily subsidized by the Government. Ongoing foreign assistance from Japan and Taipei,China, the opening up of the island of Babeldaob, and the prospect of offshore oil development in the north island of Kayangel represent a unique opportunity for development and growth. It will be a challenge to balance the competing interests of all stakeholders and the result will determine whether a more open and growth-orientated economy will be pursued or if development is likely to slow or even reverse.
Citation
Taniguchi, K.. 2005. Country Economic Report: The Republic of Palau. © Asian Development Bank. http://hdl.handle.net/11540/6233.Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
Financial Analysis
Banking Finance And Investment
Microfinance Programs
Microfinance Institution
Microenterprises Finance
ADB
Project finance
Development plans
Strategic planning
Business Financing
Investment Requirements
Insurance Companies
International Monetary Relations
International Financial Market
Exchange Rate
Microcredit
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
International banks and banking
Stock exchanges
Grants
Loans
Microloans
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