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

Publication Date: February 03, 2014
Electronic Access: Free Full text (PDF file size is 1,073KB).
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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(s): Article IV consultation reports | Fiscal sustainability | Fiscal policy | Public enterprises | Private sector | Bank supervision | Staff Reports | Press releases | Marshall Islands

Publication Date: February 03, 2014
ISBN/ISSN: 9781616355265/1934-7685 Format: Paper
Stock No: 1MHLEA2014001 Pages: 57
US$18.00 (Academic Rate:
US$18.00 )
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