Republic of the Marshall Islands: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands

October 16, 2023

Preview Citation

Format: Chicago

Republic of the Marshall Islands: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

Real GDP declined by 4.5 percent in FY2022 due entirely to a decline in fisheries. However, excluding the sector, growth was 4.2 percent, fueled by a recovery in domestic demand. Inflation has picked up due to higher food and fuel prices, while the current account surplus narrowed as COVID-related grants declined and the trade deficit widened.

Subject: Climate change, Debt sustainability, Debt sustainability analysis, Environment, External debt, International organization, Monetary policy, Public debt

Keywords: Asia and Pacific, Authorities in the Republic of Marshall Islands, Climate change, Debt sustainability, Debt sustainability analysis, Global, Government benefit, Pacific Islands, RMI article, RMI authorities, RMI parliament's review

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/349
Stock No:

1MHLEA2023001
ISBN:

9798400255328
ISSN:

1934-7685

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