The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve growth prospects. Recent economic performance has been lackluster. Exports have been held back mainly by structural problems. The fiscal position has improved in FY2006, but the overall balance has been slightly negative at about A½ percent of GDP.2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion International Monetary Fund. ANNEX IV. ... The R1\/II has sent 16 officials to regional seminars and workshops, and the PFTAC organized one secondment in banking supervision. ... A cash management manual was developed by PFTAC and training provided on its operation in early 2007.
|Title||:||Republic of the Marshall Islands|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2008-06-13|