Marshall Islands and ADB
In the Spotlight
Analysis shows future revenues from trust funds will likely be volatile and unsustainable, but simple rule changes may reduce fund volatility and improve the sustainability of fund balances. This publication analyzes the trust funds established by the United States with the Republic of Marshall Islands and the Federated States of Micronesia.
The forecast for the Republic of the Marshall Islands (RMI) is unchanged, with Gross Domestic Product expected to grow by 3.5% in 2015 and 1.5% in 2016.
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
ADB has approved a $5 million grant and will administer another $4 million grant from the Government of Australia to increase access to safe water and improve sanitation in Ebeye, the second largest city in the Marshall Islands.
The Republic of the Marshall Islands is an atoll nation of just 181 square kilometers, located in a rich fishery in the north Pacific. The capital of Majuro and the atoll of Ebeye are both heavily urbanized, while small populations are dispersed across the country’s outer atolls.
ADB’s country operations business plan, 2016-2018, for the Marshall Islands 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.