ADB's Work in the Marshall Islands
Shareholding and Voting Power
Number of shares held:
282 (0.003% of total shares)
39,396 (0.296% of total membership, 0.455% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Just 181 square kilometers in area, the Republic of the Marshall Islands (RMI) became a member of ADB in 1990.
Situated amid a rich fishing region in the North Pacific, the RMI contains over 1,000 islets grouped together into 29 atolls and 5 single islands. While the capital, Majuro, and the atoll of Ebeye are highly urbanized, small populations are dispersed across the country’s outer atolls.
Factory ships on the seas of the RMI.
ADB has been supporting the RMI since 1990 and has committed loans of $93.1 million, grants of $41.0 million, and technical assistance projects worth $22.2 million.
Annual grant assistance to the RMI under the Compact of Free Association with the United States (the Compact) has been diminishing since 2003. While waiting for negotiations to be finalized on extending the Compact grant period beyond 2023, the RMI is expected to complement domestic revenues with returns from its Compact Trust Fund, which receives annual savings from fiscal surpluses and contributions from development partners.