Republic of the Marshall Islands: Selected Issues and Statistical Appendix

March 8, 2006

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Republic of the Marshall Islands: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2006) accessed November 26, 2024

Summary

This Selected Issues paper outlines economic developments in the Republic of the Marshall Islands (RMI) since independence in 1986, focusing on the challenges posed by dependence on foreign grants, and progress toward achieving budgetary self-reliance. Like most other Pacific islands, the RMI faces a variety of geographical constraints, including limited land area, poor soil, the dispersion of the islands, and the remoteness from major markets. The public sector plays a dominant role in the economy, backed by external assistance. The private economy remains underdeveloped, primarily providing services to the government.

Subject: Expenditure, Extra-budgetary funds, Income, Labor, National accounts, Public financial management (PFM), Revenue administration, Wages

Keywords: CR, Extra-budgetary funds, Government, Income, Investment strategy, ISCR, Pacific Islands, Rate of return, RMI authorities, RMI government employee, Tongan government, Trade regime in the RMI, Trust fund, Wages

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/097
Stock No:

1MHLEA2006002
ISBN:

9781451825923
ISSN:

1934-7685

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