Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review

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dc.creatorWorld Bank
dc.date2021-08-16T14:52:34Z
dc.date2021-08-16T14:52:34Z
dc.date2021-06-20
dc.date.accessioned2026-07-01T00:34:28Z
dc.descriptionThis joint Country Economic Memorandum (CEM) and Public Expenditure Review (PER) aims to support the Government of the Republic of the Marshall Islands (GoRMI) to identify a prioritized and sequenced set of reforms to drive increased economic growth, resilience, and fiscal sustainability. The study has two objectives. First, to improve understanding of the challenges, opportunities, and risks to achieving sustainable economic growth and job creation in the Republic of the Marshall Islands (RMI). Second, to improve the management of public resources to support long-term economic development, fiscal sustainability, and service delivery. The assessment aims to balance the need for reform to drive higher prosperity and resilience with GoRMI’s limited capacity to design and implement reforms and provide public goods and services. The reform priorities identified are also consistent with the RMI’s National Strategic Plan 2020-30, which articulates the nation’s vision to build a resilient, productive, and self-supportive RMI. This Executive Summary is structured in three sections. The first section provides a brief background to RMI and the structure of the economy. The second section summarizes the key issues and challenges to achieving GoRMI’s long-term development objectives under five themes: (i) the management of public finances; (ii) public service delivery; (iii) the fisheries sector; (iv) the labor market and labor mobility; and (v) disaster resilience and climate change. The final section outlines key recommendations under the same five themes.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/246541628631954712/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability
dc.identifierhttps://hdl.handle.net/10986/36124
dc.identifierhttps://doi.org/10.1596/36124
dc.identifier.urihttp://hdl.handle.net/123456789/406447
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectECONOMIC GROWTH
dc.subjectLAND USE
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectELECTRICITY INFRASTRUCTURE
dc.subjectINTERNET ACCESS
dc.subjectICT INFRASTRUCTURE
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFISHERIES
dc.subjectLABOR MARKET
dc.subjectLABOR MOBILITY
dc.subjectCLIMATE CHANGE
dc.subjectFISCAL TRENDS
dc.subjectDISEASE BURDEN
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectBUDGET PROCESS
dc.subjectHUMAN CAPITAL
dc.subjectEDUCATION EXPENDITURE
dc.subjectHEALTH SERVICE DELIVERY
dc.subjectHEALTH EXPENDITURE
dc.titleRepublic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review
dc.titleMaximizing Opportunities, Enhancing Sustainability
dc.typeReport
dc.typeRapport
dc.typeInforme

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