State-owned agencies drag Marshalls’ economy

BY GIFF JOHNSON

Marshall Islands Correspondent

MAJURO, Marshall Islands — State-owned enterprises in the Marshall Islands are among the worst performers of the eight Pacific islands evaluated by the Asian Development Bank’s “Finding Balance” report issued in late September.

“Continued efforts are needed to further reforms of state-owned enterprises across the Pacific,” said the ADB report launched in Port Moresby in conjunction with a Port Moresby Chamber of Commerce and Industry meeting. “Finding Balance 2016: Benchmarking the Performance of State-owned Enterprises” compares the financial performance of SOEs in Fiji, Kiribati, Marshall Islands, Papua New Guinea, Samoa, Solomon . . .

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