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.
For detailed information on PSDI activities in Palau, download the April 2020 PSDI Country Overview here.
Palau at a glance
New Corporations Bill
Secured transactions reform
State-Owned Enterprise Policy
MARIANAS BUSINESS JOURNAL: A new PSDI-supported Corporations Act in Palau will modernize and simplify business start-up and operation requirements by eliminating unnecessary and outdated formalities.
The Asian Development Bank (ADB) has welcomed the passing of a new Corporations Act in Palau which will make it easier and faster to start and run a business.
A new, PSDI-supported Corporations Act will make it easier and faster to do business in Palau.
PSDI works with government-owned banks in the Pacific to strengthen their financial positions and increase their ability to provide much-need finance to Pacific businesses.
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...