Republic of the Marshall Islands : 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of the Marshall Islands

Author/Editor:

International Monetary Fund

Publication Date:

March 8, 2006

Electronic Access:

Free Full Text (PDF file size is 693 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Real output growth of the Republic of the Marshall Islands appears to have slowed sharply in FY2003 and again in FY2004. The 2005 Article IV Consultation highlights that the economic activity has been hampered by delays in implementing an upgraded public works program and the closure of a large privately owned tuna processing plant. The fiscal position deteriorated in FY2004. This deterioration reflects, on the revenue side, a decline in grants aimed at infrastructure projects owing in part to delays in initiating projects, lower income tax collection, and volatility in nontax revenue.

Series:

Country Report No. 06/95

Subject:

English

Publication Date:

March 8, 2006

ISBN/ISSN:

9781451825916/1934-7685

Stock No:

1MHLEA2006001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

45

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