A Marshall Islands government team, led by Finance Minister Brenson Wase and Minister in Assistance David Paul, attended the annual meetings of the International Monetary Fund and World Bank Group last month in Indonesia. The delegation included Secretary of Finance Maybelline Bing, Assistant Secretary Ywao Elanzo, Acting Assistant Secretary for Division of International Development Assistance […]
Auditors listed 12 problem areas in the fiscal year 2016 audit of the Marshall Islands government, a report submitted to Nitijela last month by RMI Auditor General Junior Patrick. The audit of the national government and all its agencies — except two, MIVA and RMI EPA, which were not ready — shows that the Ministry […]
HILARY HOSIA The Public Accounts Committee launched nine days of hearings Tuesday at the Nitijela Conference Room with the Auditor General and Ministry of Finance first up on the agenda. Based on rapid inquiries from members of the committee chaired by Likiep Senator Leander Leander, Jr., the session heated up minutes after starting. But as […]
GIFF JOHNSON The Marshall Islands government was forced last month to take out a bank loan to meet a $1.2 million loan payment to the US Rural Utilities Service for the National Telecommunications Authority. Despite it being early in the new fiscal year, a cash flow shortage prevented the Ministry of Finance from making the […]
