Assessing the Impact of COVID-19 on the RMI Economy

This Economic Monitoring and Analysis Program (EconMAP) Technical Note on Assessing the Impact of COVID-19 on the Marshall Islands Economy provided concise and timely analysis of the impact of COVID-19 on the RMI economy. The report highlights the need for a significant adjustment in the remainder of FY2020 and through FY2021, with a balanced approach of fiscal adjustment and financing through budgetary support. The report also suggests a need to adjust some of the recent rapid growth in specific areas of expenditures, and provides recommendations for a business relief program and public sector expenditure control program. The report was drafted by the Graduate School USA’s Pacific and Virgin Islands Training Initiatives (PITI-VITI) with funding support from the Department of the Interior’s Office of Insular Affairs.

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Assessing the Impact of COVID-19 on the RMI Economy

Posted May 08, 2020

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RMI
COVID-19 Impact

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