Marshall Islands: Recent Economic Developments

International Monetary Fund

No 1996/105, IMF Staff Country Reports from International Monetary Fund

Abstract: This report describes economic developments in the Marshall Islands during the 1990s. Real GDP grew by 3.7 percent in 1995. Copra production increased, owing mainly to more frequent inter-island transport services by government-owned ships. Construction activity was boosted by the availability of external concessional aid financing for a high school and a garment factory, foreign direct investment on a dry dock, and a government-sponsored 150-room hotel. Value added from the transport, communications, and energy sectors rose, owing in part to an improvement in the financial performance of government-owned enterprises.

Keywords: ISCR; CR; enterprise; price; loan; public enterprise; debt service; Marshall Islands authorities; procurement price; term lending; deposit money bank; air Marshall Islands; government enterprise; cash reserves; commercial loan; national minimum wage; long-line boat; enforcement action; terms of the compact; Agroindustries; Public enterprises; Loans; Exports; Budget planning and preparation; Pacific Islands (search for similar items in EconPapers)
Pages: 32
Date: 1996-10-15
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