Remengesau says Palau is “high income” country


Palau Correspondent

  KOROR, Palau — Palau President Tommy E. Remengesau Jr. trumpeted Palau’s achievment of a “high income” country qualification by the World Bank with the country’s per capita income pegged at $12,235 a year, rivaling first world countries.

  Remengesau on April 17 delivered his State of the Republic Address to the joint session of Palau Congress.

  “The change in the country income classification status of Palau as a ‘high-income’ country will have an immediate effect on our ability to gain certain concessionary financing from international agencies such . . .

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