02136cas a2200301 a 4500 AALejournalIMF021594 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513572864 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Republic of the Marshall Islands : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (78 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued travel restrictions. Economic activity is expected to pick up in FY2022, as COVID-related restrictions will be relaxed gradually. The government is currently negotiating the renewal of Compact of Free Association (COFA) financial provisions with the United States, but terms remain uncertain. The government is considering to repeal the SOV Act and a bill on establishing a Digital Economic Zone was submitted to the Parliament recently. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Marshall Islands, Republic of the imf IMF Staff Country Reports; Country Report ; No. 2021/096 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/096/002.2021.issue-096-en.xml IMF e-Library