Trust Funds and Fiscal Risks in the North Pacific: Analysis of Trust Fund Rules and Sustainability in the Marshall Islands and the Federated States of Micronesia

Asian Development Bank Institute

Working Papers from eSocialSciences

Abstract: This report focuses on the relatively complex account structure and drawdown rules of the two funds, which are the same in the CTFs of the RMI and the FSM. Using an investment return simulation model, this report assesses the amount, sustainability, and predictability of post-2023 income from the CTFs.

Keywords: Investment; progression; drawdown policy; investment; intergenerational; unpredictable; reductions; safeguarding; growing; fiscal; unsustainable; depleted; alternative; manageable; volatility. (search for similar items in EconPapers)
Date: 2017-06
Note: Institutional Papers
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