Republic of the Marshall Islands: Staff Report for the 2011 Article IV Consultation
December 2, 2011
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The economy of the Republic of the Marshall Islands has experienced a strong recovery with a 5.2 percent growth in 2010 following strong improvement in the fisheries sector and a moderate recovery in exports. The financial sector remained focused on consumer lending and contributed little to overall economic growth. Although the financial sector remained profitable, much of the rapid growth in credit has been in consumer loans. The authorities are monitoring high levels of household debt and intend to begin work on strengthening the regulatory framework.
Subject: Expenditure, External debt, Fiscal policy, National accounts, Public financial management (PFM)
Keywords: air Marshall Islands, consultation, consultation informational annex, CR, employment growth, Extra-budgetary funds, Fiscal consolidation, Global, Income, ISCR, lack, Pacific Islands, private sector activity, RMI authorities
Pages:
39
Volume:
2011
DOI:
Issue:
339
Series:
Country Report No. 2011/339
Stock No:
1MHLEA2011002
ISBN:
9781463929244
ISSN:
1934-7685
