Republic of the Marshall Islands: Selected Issues and Statistical Appendix

International Monetary Fund

No 2006/097, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; RMI authorities; RMI government employee; rate of return; Tongan government; trust fund; trade regime in the RMI; investment strategy; Extra-budgetary funds; Wages; Income; Pacific Islands (search for similar items in EconPapers)
Pages: 33
Date: 2006-03-08
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