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Palau, [a] officially the Republic of Palau, [b] [8] is an island country in the Micronesia subregion of Oceania in the western Pacific Ocean. The republic consists of approximately 340 islands and is the western part of the Caroline Islands , while the eastern and central parts make up the Federated States of Micronesia .
The main economic challenge confronting Palau is to ensure the long-term viability of its economy by reducing its reliance on foreign assistance. Palau has created a trust fund to be drawn upon after the cessation of Compact grants, the value of which had grown to $140 million by the beginning of 2009. Also, in the late 1990s, Palau was ...
Republic of Palau. Palau was initially settled around 1000 BC.. Palau was likely sighted for the first time by Europeans as early as 1522, when the Spanish mission of the Trinidad, the flagship of Ferdinand Magellan's voyage of circumnavigation, sighted two small islands around the 5th parallel north, naming them "San Juan" without visiting them.
Aimeliik is one of the most ancient villages in Palau. It is best known for its terraces and modern bai. Aimeliik is also known for Malsol's Tomb, the legendary spot where the warrior Malsol is buried, which is now accessible through the main road and near the Aimeliik bai. Aimeliik is commonly passed through on the main road of the Babeldaob ...
Palau is divided into sixteen administrative regions, called states. Palau has a high ratio of government offices to citizens, with 16 states and both a tribal chiefdom and elected legislature in each state, for 20,000 people. [1]
Palau was the last Trust Territory of the Pacific Islands territories to gain its independence. Under the Compact, the U.S. remains responsible for Palau's defense for 50 years. Palau is a sovereign nation and conducts its own foreign relations. From its independence until July 2019, Palau had established diplomatic relations with 101 countries.
Palau accepted the convention on June 11, 2002, making its historical sites eligible for inclusion on the list. As of 2023, Palau has only one World Heritage Site. [ 2 ]
In 2008 Palau requested that the UN Security Council consider protection against rising sea levels due to climate change. [1] Tommy Remengesau, the president of Palau, has said: [2] Palau has lost at least one third of its coral reefs due to climate change related weather patterns.