Republic of the Marshall Islands: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 185

Publication date: June 2008

ISBN: 9781451825930

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , ISCR , CR , PFTAC Advisor , authority , RMI country statistics generation , RMI government , RMI authorities , IMF staff estimate , economic statistics , Extra-budgetary funds , Structural reforms , Fiscal consolidation , Current account , Pacific Islands , Global

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Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve growth prospects. Recent economic performance has been lackluster. Exports have been held back mainly by structural problems. The fiscal position has improved in FY2006, but the overall balance has been slightly negative at about ½ percent of GDP.