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

This 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 growt...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ECONOMIC GROWTH LAND USE TRANSPORT INFRASTRUCTURE ELECTRICITY INFRASTRUCTURE INTERNET ACCESS ICT INFRASTRUCTURE FINANCIAL SECTOR DEVELOPMENT FISHERIES LABOR MARKET LABOR MOBILITY CLIMATE CHANGE FISCAL TRENDS DISEASE BURDEN PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT BUDGET PROCESS HUMAN CAPITAL EDUCATION EXPENDITURE HEALTH SERVICE DELIVERY HEALTH EXPENDITURE
Online Access:	http://documents.worldbank.org/curated/en/246541628631954712/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability http://hdl.handle.net/10986/36124

id	okr-10986-36124
recordtype	oai_dc
spelling	okr-10986-361242021-08-17T05:10:50Z Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability World Bank ECONOMIC GROWTH LAND USE TRANSPORT INFRASTRUCTURE ELECTRICITY INFRASTRUCTURE INTERNET ACCESS ICT INFRASTRUCTURE FINANCIAL SECTOR DEVELOPMENT FISHERIES LABOR MARKET LABOR MOBILITY CLIMATE CHANGE FISCAL TRENDS DISEASE BURDEN PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT BUDGET PROCESS HUMAN CAPITAL EDUCATION EXPENDITURE HEALTH SERVICE DELIVERY HEALTH EXPENDITURE This 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. 2021-08-16T14:52:34Z 2021-08-16T14:52:34Z 2021-06-20 Report http://documents.worldbank.org/curated/en/246541628631954712/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability http://hdl.handle.net/10986/36124 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum East Asia and Pacific Marshall Islands
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH LAND USE TRANSPORT INFRASTRUCTURE ELECTRICITY INFRASTRUCTURE INTERNET ACCESS ICT INFRASTRUCTURE FINANCIAL SECTOR DEVELOPMENT FISHERIES LABOR MARKET LABOR MOBILITY CLIMATE CHANGE FISCAL TRENDS DISEASE BURDEN PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT BUDGET PROCESS HUMAN CAPITAL EDUCATION EXPENDITURE HEALTH SERVICE DELIVERY HEALTH EXPENDITURE
spellingShingle	ECONOMIC GROWTH LAND USE TRANSPORT INFRASTRUCTURE ELECTRICITY INFRASTRUCTURE INTERNET ACCESS ICT INFRASTRUCTURE FINANCIAL SECTOR DEVELOPMENT FISHERIES LABOR MARKET LABOR MOBILITY CLIMATE CHANGE FISCAL TRENDS DISEASE BURDEN PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT BUDGET PROCESS HUMAN CAPITAL EDUCATION EXPENDITURE HEALTH SERVICE DELIVERY HEALTH EXPENDITURE World Bank Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
geographic_facet	East Asia and Pacific Marshall Islands
description	This 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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
title_short	Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
title_full	Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
title_fullStr	Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
title_full_unstemmed	Republic of the Marshall Islands Country Economic Memorandum and Public Expenditure Review : Maximizing Opportunities, Enhancing Sustainability
title_sort	republic of the marshall islands country economic memorandum and public expenditure review : maximizing opportunities, enhancing sustainability
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/246541628631954712/Republic-of-the-Marshall-Islands-Country-Economic-Memorandum-and-Public-Expenditure-Review-Maximizing-Opportunities-Enhancing-Sustainability http://hdl.handle.net/10986/36124
_version_	1764484516757372928

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

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