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:
The Republic of the Marshall Islands (RMI) comprises more than 1,000 islets and atolls spread across just 181 square kilometers in the North Pacific. Its economy relies on fisheries and development assistance, including grants under its Compact of Free Association with the United States (the Compact). Compact grants have been decreasing since 2003, and the RMI is in negotiations to extend the free association beyond 2023.
In 2020, border closures associated with the coronavirus disease (COVID-19) pandemic disrupted fishery supply chains, which proved highly detrimental to the economy. The country is also tasked with balancing resources for its urban and rural populations, and enhancing resilience to climate change.
Factory ships on the seas of the RMI.
ADB has supported the RMI since 1990, with assistance focused on developing renewable energy, water, and sanitation assets, in addition to supporting education, private sector growth, and disaster resilience.
Since 1990, ADB has committed loans of $93.1 million, grants of $72.7 million, technical assistance worth $20.9 million, and ADB-administered cofinancing of $10.7 million for the RMI.