Republic of the Marshall Islands
Republic of the Marshall Islands

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2016-07-29

Total Pages: 58

ISBN-13: 1475520557

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This 2016 Article IV Consultation highlights that the economy of the Marshall Islands is estimated to have expanded by about 0.5 percent in FY2015 (ending September 30), as the fishery sector recovered. Following a moderate inflation of 1.1 percent in FY2014, headline inflation dropped to –2.2 percent in FY2015 amid falling oil and utility prices. The fiscal balance is estimated to have recorded a surplus of about 3 percent of GDP in FY2014–15, owing to record-high fishing license fees. Growth is expected to rise to about 1.5 percent and inflation to about 0.5 percent in FY2016, as the effects of the drought in earlier 2016 are offset by the resumption of infrastructure projects.

Republic of the Marshall Islands
Republic of the Marshall Islands

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2006-03-08

Total Pages: 45

ISBN-13: 1451825919

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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.

Republic of the Marshall Islands: Staff Report for the 2011 Article IV Consultation
Republic of the Marshall Islands: Staff Report for the 2011 Article IV Consultation

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-12-02

Total Pages: 39

ISBN-13: 1463929242

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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.

Diagnostic Study of Accounting and Auditing Practices in the Marshall Islands
Diagnostic Study of Accounting and Auditing Practices in the Marshall Islands

Author: Francis B. Narayan

Publisher:

Published: 2002

Total Pages: 176

ISBN-13:

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This book consolidates the results of a study conducted in four DMCs--Azerbaijan, Fiji Islands, Marshall Islands, and Sri Lanka. It summarizes the major findings of the diagnostic study on available accounting and auditing support contained in the four country reports and provides recommendations and an action plan to address identified weaknesses.