Countries and Regions

	Table of Contents
p. 15 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Marshall Islands

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IV. Regional Cooperation

43. In the context of their locations and distances, Pacific island nations have generally concluded that it will be increasingly difficult to promote trade, especially fisheries, and operate viable internal and external air and shipping services without strategic subregional alliances. Consequently, the priorities of the country for economic regional cooperation are: (i) cooperative arrangements in aviation and shipping, (ii) coordinated policies and approaches to the management of fisheries, and (iii) tourism. To these ends, the ADB is actively involved with the Forum Secretariat and other regional agencies in a variety of regional initiatives.

44. The ADB currently provides regional technical assistance (RETA) to support the negotiation of a regional tuna management plan, and for fiscal and tax policy advice provided through the Pacific Financial Technical Assistance Centre. In the coming three years, the ADB plans to provide RETAs for: (i) analysis of financial sector issues and strategies for selected PDMCs, (ii) judicial training in collaboration with UNDP, and (iii) more effective and sustainable coastal fisheries management. These regional initiatives are consistent with the program for RMI especially with regard to the ADB and the Government’s initiative for more transparence and accountability in financial transaction as well as further development of fisheries sector.

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