By Monique Taylor The scheme tests whether microstates can sustain widespread cash transfers, with the Pacific watching on. MAJURO, 09 DECEMBER 2025 (THE INTERPRETER)—The Republic of the Marshall Islands is embarking on one of the world’s most ambitious experiments in universal basic income (UBI). Beginning on 26 November 2025, the government introduced a nationwide UBI […]
Tag: IMF
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IMF Praises Palau’s Recovery, Warns of Global Risks
By: L.N. Reklai Koror, Palau — “Palau’s economy has experienced a strong rebound,” an International Monetary Fund team said as it concluded its 2025 Article IV mission, highlighting steady growth, lower debt and better government finances. The IMF reported that Palau’s economy grew strongly in the last two years, supported by the return of tourists […]
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Tax Reform, a first in fiscal adjustment strategy for Palau says IMF Consultant
International Monetary Fund (IMF) concluding statement of 2018 Article IV Mission recommends tax reform as the first “pillar” in addressing Palau’s fiscal sustainability. The report states that a tax reform should aim “to increase efficiency and fairness of the tax system, while raising revenue.” It recommends a Goods and Services Tax (GST) with a single […]
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IMF supports Palau’s tax reform plan
The Intentional Monetary Fund (IMF) has thrown its support behind the Palau government’s plan put in place, which will modernize and increase the efficiency and fairness of the tax system. The IMF completed its 2018 Article IV mission last week and that it welcomed the nation’s plan to develop a “medium-term fiscal framework and to […]
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Cryptocurrency could pose financial integrity risks sans careful assessment: IMF
Palau must take careful assessment on any cryptocurrency-related plans as these might pose “significant financial integrity risks”, according to the International Monetary Fund (IMF) 2018 Article IV Mission report. Ms. Yuko Kinoshita, Deputy Division Chief of the Asia and Pacific Department of the IMF, told the media that there is a need for Palau to […]