Marshall Islands and ADB
In the Spotlight
In the Marshall Islands, 52.7% of the population lives below the national poverty line. Get the latest statistical data on poverty and socioeconomic development in the Marshall Islands and compare poverty indicators among countries in the Pacific.
A new Asian Development Bank report says Pacific economies face lower growth and tighter fiscal conditions this year due to low commodity prices and severe cyclones.
Higher income tax collections and fishing license and ship registry fees are seen to offset a drop in US grant inflows in the Marshall Islands in FY2016. Download the latest Pacific Economic Monitor
ADB’s interventions in the Pacific should help countries reduce the high cost of doing business and providing services, develop capacity to manage risks from economic shocks, natural disasters, and climate change, as well as promote the creation of competitive high value-added goods and services.
Just 181 square kilometers in area, the Republic of the Marshall Islands (RMI) is located in a rich fishery in the North Pacific. While the capital of Majuro and the atoll of Ebeye are heavily urbanized, small populations are dispersed across the country’s outer atolls.
Annual grant assistance to the RMI under the Compact of Free Association with the United States (the Compact) has been diminishing since 2003. After the Compact grant period expires in 2023, the RMI is expected to complement domestic revenues with returns from the Compact Trust Fund, which receives annual savings from fiscal surpluses and contributions from development partners. Building the trust fund is a major challenge, especially under prevailing global economic uncertainty.
ADB’s country operations business plan, 2016-2018 for RMI will focus on better and sustainable infrastructure, improved quality of basic education, better public sector management, and structural reform implementation.
Projects in Marshall Islands
No projects in this category were found.
Average annual population growth rate in Marshall Islands (2010-2015)
Internet users in Marshall Islands, per 100 population (2014)
Population in Marshall Islands, in millions (2015)
Population living below the national poverty line in Marshall Islands (before 2010)Refers to preliminary/interim figures; or refers to periods before 2010.