Republic of the Marshall Islands
Republic of the Marshall Islands

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2014-02-03

Total Pages: 57

ISBN-13: 1475514131

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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.

Republic of the Marshall Islands
Republic of the Marshall Islands

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2010-02-24

Total Pages: 44

ISBN-13: 1451825951

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This 2009 Article IV Consultation highlights that the economy of the Marshall Islands is on a path to recovery. A gradual expansion with growth reaching 0.5 percent in 2010 is supported by further growth in the fish processing industry and additional foreign grant assistance. Rising prices could stoke inflation and stifle domestic demand. Executive Directors have encouraged the authorities to continue to strengthen the statistical base, especially the coverage and timeliness of fiscal and balance of payments data, in order to improve policy analysis and decision-making.

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.