Publication:
Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review: Maximizing Opportunities, Enhancing Sustainability

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-08-16T14:52:34Z
dc.date.available2021-08-16T14:52:34Z
dc.date.issued2021-06-20
dc.description.abstractThis 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.en
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.identifier.doi10.1596/36124
dc.identifier.urihttps://hdl.handle.net/10986/36124
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
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 Reviewen
dc.title.subtitleMaximizing Opportunities, Enhancing Sustainabilityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRepublic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review
okr.date.disclosure2021-08-10
okr.date.doiregistration2025-05-07T11:49:34.196527Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.docurlhttp://documents.worldbank.org/curated/en/246541628631954712/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability
okr.guid545911624855523424
okr.guid246541628631954712
okr.identifier.externaldocumentum090224b08888940b_2_0
okr.identifier.internaldocumentum33211778
okr.identifier.report161042
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/246541628631954712/pdf/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMarshall Islands
okr.topicPublic Sector Development::Public Financial Management
okr.topicEducation::Education Finance
okr.topicHealth, Nutrition and Population::Health Economics & Finance
okr.topicPublic Sector Development::Public Sector Economics
okr.topicPublic Sector Development::Public Sector Expenditure Policy
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