IMF Highlights Climate Change and DAOs as Major Threats to the Marshall Islands The International Monetary Fund
(IMF) has identified climate change and decentralized autonomous organizations (DAOs) as potential threats to the Republic of Marshall Islands. Therefore,
the IMF urges reforms in light of these challenges.
On July 9, the IMF published its disclosure titled "Republic of the Marshall Islands: Concluding Statement of the 2023 Article IV Consultation Mission" following the completion
of its annual consultation with the Republic of the Marshall Islands (RMI).
According to the IMF, the country is expected
to experience an economic recovery, rebounding from the financial impacts
of the COVID-19 pandemic and the decline in its fishing industry. The organization concluded that the RMI's GDP
is set to grow, with a projected increase
of 3% in real terms for the fiscal year 2023.
Despite this positive outlook,
the IMF identified climate change and DAOs as ongoing threats to the nation. These factors
continue to pose significant challenges and risks to the economy and overall development
of the Republic of the Marshall Islands.
