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This Selected Issues paper examines the reasons for the poor initial performance of the Compact Trust Fund (CTF) of Micronesia and the issues related to the governance framework. The design and recent implementation of the CTF raise concerns that Micronesia will still face a difficult transition...
Persistent link: https://www.econbiz.de/10014404942
This 2006 Article IV Consultation highlights that real GDP in the Federated States of Micronesia grew by only 11⁄2 percent in FY2005 and declined by nearly 1 percent in FY2006. The underlying fiscal situation has deteriorated, despite a decline in the overall deficit. Executive Directors have...
Persistent link: https://www.econbiz.de/10014405013
This Selected Issues paper and Statistical Appendix describes Palau’s financial sector, its recent performance, and …
Persistent link: https://www.econbiz.de/10014405036
This 2005 Article IV Consultation highlights that Palau’s economic growth has picked up in recent years while inflation …
Persistent link: https://www.econbiz.de/10014405037
Over the past two years, economic activity in Palau has been slowed. Executive Directors welcomed the authorities …
Persistent link: https://www.econbiz.de/10014405458
, respectively. The report also discusses the IMF estimates and projections of the Republic of Palau's selected social indicators … and liabilities; operating accounts of the national development bank of palau; financial positions of the civil service …
Persistent link: https://www.econbiz.de/10014405527
This Selected Issues paper on the Federated States of Micronesia (FSM) underlies economic development. Since independence, the FSM has been heavily dependent on assistance from the United States. With government expenditure of more than 60 percent of GDP, the private sector remains...
Persistent link: https://www.econbiz.de/10014405891
The staff report for the 2004 Article IV Consultation on the Federated States of Micronesia (FSM) focuses on economic developments and policies. Fiscal and structural reforms are needed for the FSM to achieve self-sufficiency. The large government sector will be increasingly unsustainable given...
Persistent link: https://www.econbiz.de/10014406021