RMI FY23 Economic Review

The 2023 RMI Economic Review presents an in-depth analysis of the Republic of the Marshall Islands' economic status, focusing on developments and challenges throughout 2023, while also forecasting into 2024. The review examines various sectors including fiscal policies, fisheries, public financial management, and the implications of COVID-19 mitigation programs. It highlights the adaptive strategies in fiscal management, noting significant external support through international grants, particularly from the United States, the World Bank, and the Asian Development Bank. Moreover, the report discusses developments in the fisheries sector which is critical to the nation's economy, and the introduction of digital fintech initiatives aimed at economic modernization. This report is intended to serve as a tool for understanding the economic landscape of the Marshall Islands, providing stakeholders with the necessary information to support decision-making and policy formulation.

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RMI FY23 Economic Review

Posted Mar 01, 2024 | version 2

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RMI
EconMAP
Economic Reviews
FY23

The 2023 RMI Economic Review presents an in-depth analysis of the Republic of the Marshall Islands' economic status, focusing on developments and challenges throughout 2023, while also forecasting into 2024. The review examines various sectors including fiscal policies, fisheries, public financial management, and the implications of COVID-19 mitigation programs. It highlights the adaptive strategies in fiscal management, noting significant external support through international grants, particularly from the United States, the World Bank, and the Asian Development Bank. Moreover, the report discusses developments in the fisheries sector which is critical to the nation's economy, and the introduction of digital fintech initiatives aimed at economic modernization. This report is intended to serve as a tool for understanding the economic landscape of the Marshall Islands, providing stakeholders with the necessary information to support decision-making and policy formulation.

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