COVID-19 has led to recessions in the
Federated States of Micronesia (FSM), Republic of the
Marshall Islands (RMI) and Palau. A gradual recovery is
projected from FY22. In the short term, moderate fiscal
surpluses are projected for FSM and RMI, while Palau’s
fiscal deficit will remain sizable. In the North Pacific
Islands, medium-term fiscal risks are substantial, primarily
due to the scheduled expiry of US Compact-related fiscal
transfers...
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DETAILS
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World Bank
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2022/04/22
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Brief
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170594
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1
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2022/04/22
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Disclosed
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Macro Poverty Outlook for North Pacific Islands : April 2022
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