By: L.N. Reklai KOROR, Palau — Palau’s transition to electronic passports is moving into its next phase as officials met on Nov. 25 for the Third Steering Committee Meeting to review early findings in the ongoing assessment of the nation’s passport and identification systems. The meeting builds on the Japan-funded, $4.5 million e-passport initiative launched […]
Tag: Ministry of Finance
Posted inTop Stories
Audit Confirms MOF Followed Funding Ban on KASP Loan Payments; Budget Lacked Required Debt Disclosure
By: L.N. Reklai Koror, Palau – (November 27, 2025) A government audit has determined that the Ministry of Finance and the Palau Public Utilities Corporation complied with legal requirements prohibiting the use of public funds for payments on the Asian Development Bank–funded Koror–Airai Sanitation Project (KASP). The report, released in response to a request by […]
Posted inBillboard
MOF staffs donate food to help impacted people,Community members rise to the challenge
Crisis sometimes brings out the worst in people such as targeted racism, discrimination, hoarding, and others as seen on social media and the news but it also brings out the best in people. This is seen here as private citizens, groups, associations and even just office mates come together to help those in need in […]
Posted inTop Stories
$1.8 million relief checks disbursed today,Regulations governing CROSS Act signed
Ministry of Finance is disbursing $1.8 million dollars today to 1,815 applicants of COVID-19 Relief assistance under CROSS Act. This is the first payout where everyone will receive the same amount but each week eligible applicants will be receiving payouts depending on their qualifications according to Minister of Finance Elbuchel Sadang Minister Sadang reported this […]
Posted inTop Stories
Private sector COVID-19 relief opens, application required
Ministry of Finance, the agency tasked to implement the COVID-19 relief package, began accepting applications of affected businesses on Wednesday at the designated processing center, across from former Cause Way Shell Gas Station. The building currently houses Finance Minister’s Office and Code of Ethics Office. The press release issued by the Ministry of Finance said […]
Posted inBillboard
Taiwan delivers grant of $ 200,000 to Micronesian Islands Forum Secretariat
Ambassador Wallace Chow of the ROC (Taiwan) presented one grant check of 200,000 US dollars for Micronesian Islands Forum Secretariat(MIFS) to Minister of Finance Elbuchel Sadang on Friday, April 24. MIFS is the administrative body of the Micronesia Islands Forum based in Palau. Its role is to identify and respond to a broad variety of […]