In Palau, PSDI is supporting reforms that will help create an enabling environment for strong, sustainable private-sector led growth.
PSDI is working with the Government of Palau to:
Support the commercial strengthening of the government-owned National Development Bank of Palau;
Develop a secured transactions framework, including the launch of an online securities registry, and providing ongoing support to lenders;
Modernize business laws and registration processes, including the preparation of a new Corporations Bill, and development of an online business registry;
Develop a state-owned enterprise policy; and
Support reform through advocacy and analysis, including assessments of Palau’s private sector published in 2007 and 2017.
Resources and Spending
Almost 70% of the $931,373 committed to Palau since 2007 supported financing growth and Business Law Reform initiatives. This funding largely went towards secured transactions reform, which culminated in the launch of an online registry in 2013, work to strengthen the commercial orientation of the National Development Bank of Palau, and the development of a new Corporations Bill.
On this website, $ refers to US dollars unless otherwise stated.
Palau at a glance
New Corporations Bill
Secured transactions reform
State-Owned Enterprise Policy
KOROR, PALAU (23 February 2017) — Strong economic growth is masking urgent infrastructure and environmental challenges that threaten the long term sustainability of Palau’s economy, says an Asian Development Bank (ADB) report released in Koror today.
Strong economic growth is masking urgent infrastructure and environmental challenges that threaten the long term sustainability of Palau’s economy, says our private sector assessment published today. Private Sector Assessment for Palau: Policies for Sustainable Growth warns that the rapid growth of low-end tourism could damage Palau’s famed natural environment and World Heritage sites, which are pivotal to maintaining tourism as the country’s leading source of revenue. The report was launched by the President...