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    Asian Development Bank and Marshall Islands: Fact Sheet

    Asian Development Bank | April 2010
    Abstract
    Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Marshall Islands as well as concise information on ADB's operations in the country and contact information. The election of a new president of the Republic of the Marshall Islands in October 2009 ended 12 months of political turmoil. Notwithstanding some underlying tensions, the situation has stabilized and a national election is set to take place toward the end of 2011. The change to a new coalition government reflects a shift in political power between interest groups rather than any fundamental policy differences. The development of the Marshall Islands has continued to be affected by external shocks of the global economic downturn and unprecedented food and fuel price rises. Economic output stagnated with no growth in the nation’s gross domestic product (GDP) in 2009, while the fiscal position worsened significantly due to the combined impact of tax exemptions for diesel and basic food imports the government granted in 2008 to alleviate the effects of the global downturn, job cuts at the local United States (US) military base, and a continued weakness in expenditure control, particularly with respect to the public service wage bill and subsidies to state-owned enterprises. Gross Official Reserves, as of September 2009, was equal to 0.3 months of imports. This has left no room for the Marshall Islands to respond to further external shocks.
    Citation
    Asian Development Bank. 2010. Asian Development Bank and Marshall Islands: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5739.
    Keywords
    Results-Based Monitoring And Evaluation
    Project Evaluation & Review Technique
    Project Evaluation
    Program Evaluation
    Performance Evaluation
    Operations Evaluation
    Evaluation Methods
    Evaluation
    Cofinancing
    Development Financing
    Economic Development and Finance
    Finance
    Financial Advisory Services
    Financial Assistance
    Financial Support
    Project Financing
    Project Financing Justifications
    Nonbank Financing
    External Financing
    Project impact
    Development projects
    Program management
    Performance appraisal
    Project appraisal
    Technology assessment
    ADB
    Self Financing
    Aid Financing
    Financial Aid
    Development Banks
    Project Impact
    Cumulative effects assessment
    Grievance procedures
    Participatory monitoring and evaluation
    Development Banks
    Asset allocation
    Investment management
    Commercial documents
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    Citable URI
    http://hdl.handle.net/11540/5739
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    Author
    Asian Development Bank
    Theme
    Evaluation
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise