Marshall Islands: Recent Economic Developments

September 23, 1998

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Marshall Islands: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed September 27, 2024

Summary

This paper reviews economic developments in the Marshall Islands during 1996–98. Real GDP declined by 15.2 percent and 5.3 percent in FY1996 and FY1997, respectively, reflecting mainly the effects of the adjustment measures implemented by the government since 1996 under the Policy Reform Program aimed at correcting the large imbalances in the public finance and external sector. Agriculture and fishing activities declined in FY1996 but recovered partially the following year. Construction fell sharply in FY1996 and stagnated in FY1997 with no new major projects following the completion of a 150-room hotel and the dry dock.

Subject: Agroindustries, Economic sectors, Exports, Financial institutions, Imports, International trade, Loans, Public enterprises

Keywords: Agroindustries, Air Marshall Islands, Bank commissioner, CR, Deposit money bank, Exports, Financial condition, Imports, Infrastructure outlay, ISCR, Loans, Marshall Islands authorities, Marshalls energy company, MI food balance sheet, National minimum wage, Outlay, Pacific Islands, Public enterprises, Receipt, Wage earnings, Wage payment, Wage statistics

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/085
Stock No:

1MHLEA0011998
ISBN:

9781451825909
ISSN:

1934-7685

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