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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

Author

Listed:
  • Asian Development Bank (ADB)
  • Asian Development Bank (ADB)

    (Pacific Department, ADB)

  • Asian Development Bank (ADB)

    (Pacific Department, ADB)

  • Asian Development Bank (ADB)

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.

Suggested Citation

  • Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 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," ADB Reports RPT146714-2, Asian Development Bank (ADB).
    • Handle: RePEc:asd:wpaper:rpt146714-2
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    Cited by:

    1. Taupo, Tauisi, 2017. "Sustainable financing for climate and disaster resilience in Atoll Islands: Evidence from Tuvalu and Kiribati," Working Paper Series 20269, Victoria University of Wellington, School of Economics and Finance.
    2. Taupo, Tauisi, 2017. "Sustainable financing for climate and disaster resilience in Atoll Islands: Evidence from Tuvalu and Kiribati," Working Paper Series 6633, Victoria University of Wellington, School of Economics and Finance.

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