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| By: | Asian Development Bank |
| Publisher: | Asian Development Bank |
| Print ISBN: | 9789292571573 |
| eText ISBN: | 9789292571580 |
| Edition: | 0 |
| Copyright: | 2015 |
| Format: | Reflowable |
Lifetime - $7.19
eBook Features
Instant Access
Purchase and read your book immediately
Read Offline
Access your eTextbook anytime and anywhere
Study Tools
Built-in study tools like highlights and more
Read Aloud
Listen and follow along as Bookshelf reads to you
Details
Table of Contents
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.