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In April 2022, Palau launched Ol'au Palau, a responsible tourism program aimed to preserve the country's natural environment and traditional culture. [80] The government is the largest employer, relying heavily on US financial assistance. Business and tourist arrivals numbered some 50,000 in fiscal year 2000–2001. [citation needed]
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.
Geography of Palau. Palau is: an island country; Location: Northern Hemisphere and Eastern Hemisphere; Pacific Ocean. North Pacific Ocean Oceania. Micronesia; Time zone: UTC+09; Extreme points of Palau High: Mount Ngerchelchuus on Babeldaob 242 m (794 ft) Low: North Pacific Ocean 0 m; Land boundaries: none; Coastline: North Pacific Ocean 1,519 km
The Palau archipelago contains more than 250 islands and islets stretched along a 150 km north south trending arc in the western Pacific. Its center is located near 7° north latitude, some 650 km north of Jayapura on the island of New Guinea, and near 134° east latitude, some 900 km east of Mindanao, Philippines.
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.
A partial list of the some 340 [1] islands of the Republic of Palau, located in the western Caroline Islands Archipelago. [ citation needed ] The islands are within the Micronesia region of Oceania , in the western Pacific Ocean .
Demographic features of the population of Palau include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects. About 70% of the Palauan population lives in the city of Koror on Koror Island .
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.