Marshall Islands pushes ahead with plan for monetary authority
Minister says new institution is needed to deal with financial system’s increasing vulnerability
The Republic of the Marshall Islands is pushing ahead with plans to set up its first monetary authority.
The Guam-based Marianas Business Journal reported on September 9 that finance minister David Paul had said that the authority was needed to respond to the increasing vulnerability of the Marshall Islands’ “underdeveloped” financial system.
He said the country’s “vulnerable financial linkages to the international financial system” were the result of “global de-risking”, and had been “a major
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