Maybe you need a central bank, IMF tells the Marshall Islands.
The Republic of the Marshall Islands has completed its annual talks with the International Monetary Fund . The country is expected to see gross domestic product growth this year, the IMF, in a recovery from the impact of COVID-19 and the contraction of its fishing industry. Climate change and decentralized autonomous organizations remain a threat, however.
The RMI is spread across more than 1,000 islands in the Central Pacific region. It has an average elevation of six feet above sea level and a population of about 56,000. With a 2022 GDP of $261 million, the sale of a single fishing boat led to a drop in GDP of 4.5% that year.
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