Trust Funds and Fiscal Risks in the North Pacific: Analysis of Trust Fund Rules and Sustainability in the Marshall Islands and the Federated States of Micronesia
Asian Development Bank | October 2015
Abstract
This publication analyzes the trust funds established by the United States with the Republic of Marshall
Islands and the Federated States of Micronesia, intended to provide budget support upon expiration of these
countries’ Compacts of Free Association with the United States. Analysis shows future revenues from the
funds will likely be volatile and unsustainable, but examines simple rule changes designed to reduce fund
volatility and improve the sustainability of fund balances.
Citation
Asian Development Bank. 2015. Trust Funds and Fiscal Risks in the North Pacific: Analysis of Trust Fund Rules and Sustainability in the Marshall Islands and the Federated States of Micronesia. © Asian Development Bank. http://hdl.handle.net/11540/5247. License: CC BY 3.0 IGO.PDF ISBN
978-92-9257-158-0
Print ISBN
978-92-9257-157-3
Keywords
Governance
Corporate Governance Reform
Governance Approach
Governance Quality
Public Sector Projects
Public Sector Reform
Government
Institutional Framework
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http://hdl.handle.net/11540/5247Metadata
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