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

Nonfiction, Social & Cultural Studies, Political Science, Government, Public Affairs & Administration
Cover of the book Trust Funds and Fiscal Risks in the North Pacific by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292571580
Publisher: Asian Development Bank Publication: October 1, 2015
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292571580
Publisher: Asian Development Bank
Publication: October 1, 2015
Imprint: Asian Development Bank
Language: English

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.

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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.

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