Republic of the Marshall Islands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of the Marshall Islands

September 10, 2018

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Republic of the Marshall Islands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of the Marshall Islands, (USA: International Monetary Fund, 2018) accessed November 27, 2024

Summary

This 2018 Article IV Consultation highlight that growth in the Marshallese economy is estimated to have accelerated to about 3.5 percent in FY2017 (ending September 30) with a strong pick-up in fisheries and construction, with the latter owing to the resumption of infrastructure projects. Consumer prices started to rise again in mid-2017, with annual consumer price index inflation at 1.1 percent in 2017Q4. Growth is expected to remain robust at about 2.5 percent in FY2018 and about 1.5 percent over the medium term, underpinned by further increases in infrastructure spending. Inflation is expected to rise gradually to about 2 percent over the medium term.

Subject: Agroindustries, Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Crime, Environment, External debt, Natural disasters, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities in the Republic of Marshall Islands, Climate change, CR, Data release, FY2017, Global, Government, ISCR, Marshallese authorities, Natural disasters, Pacific Islands, RMI authorities, Staff appraisal

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/270
Stock No:

1MHLEA2018001
ISBN:

9781484375723
ISSN:

1934-7685

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