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Country Assistance Plans - Marshall Islands
VIII. Economic and Sector Work Program53. As mentioned earlier, economic and sector work will be undertaken as part of the PIER. A significantly analytical and strategically oriented forward looking economic report to be prepared with ADB assistance will be the basis for future Government plans. These will be finalized in close consultation with all stakeholders and the new Government. Adequate consultative process will precede such strategy formulation and in depth work is proposed so that the report can be used as the basis for developing a strategic and forward looking economic management plan for the country. A participatory approach will be taken and that the PIER will be a document of RMI, strategically oriented and will combine macroeconomic and sectoral assessments with a more detailed analysis and definition of “poverty” in the context of the Marshall Islands. The PIER will also form a sound basis for updating the ADB’s strategy in RMI and developing a related loan and TA program over the medium term.
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