Republic of the Marshall Islands : Staff Report for the 2013 Article IV Consultation

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 3, 2014

Electronic Access:

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Summary:

This 2013 Article IV Consultation highlights that the GDP growth of The Republic of the Marshall Islands (RMI) picked up in FY2012 (fiscal year, ending September 30) to 3.2 percent, lifted by a surge in fishery output and higher copra and coconut oil production. In FY2013, however, growth is expected to have slowed to 0.8 percent, dragged down by delays in the implementation of infrastructure projects. The current account deficit including official transfers remained elevated at 8.1 percent of GDP in FY2012. In FY2014, GDP growth is projected to rebound to 3.2 percent, driven by the resumption of Compact-funded infrastructure projects.

Series:

Country Report No. 14/26

Subject:

English

Publication Date:

February 3, 2014

ISBN/ISSN:

9781616355265/1934-7685

Stock No:

1MHLEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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