Bank of Marshall Islands

Early child project launched

Early child project launched

In addition to informational briefings this week at the International Conference Center about the full rollout of the World Bank-supported Early Childhood Development project, a number of‪ important specific aspects of the new program were launched.‬ ‪These included the Ministries of Health, Education and Culture and Internal Affairs signing agreements for this multi-ministry intervention that […]

Ports in overdrive for airport fix

Ports in overdrive for airport fix

GIFF JOHNSON Major changes are ongoing at Amata Kabua International Airport in the wake of United Airlines’ suspension of air service to the capital beginning last week Wednesday. But even with the emergency action that is moving with unprecedented speed, it appears that it could be March at the earliest that passenger service can be […]

Women’s loan fund gets going

Women’s loan fund gets going

The Taiwan-funded women’s small loan program known as Kora Im Ankil (KIA) Fund Inc. is getting down to business following a board of directors meeting last week that finalized bylaws and other details for the program to start. This week, Tuesday a small ceremony was held at Bank of Marshall Islands marking the official turnover […]

Misco Market continues expansion

Misco Market continues expansion

GIFF JOHNSON From a modest start as a retail facility for fresh fish and handicrafts, the Misco Market in Majuro continues to expand, adding a wholesale operation, food processing, local produce, and soon a sizable walk-in freezer and cold storage facility to store fish for both local and export markets. The Misco Market is a […]

BOMI looks to expand loans

BOMI looks to expand loans

A team from Taiwan’s International Cooperation and Development Fund visited the Marshall Islands earlier this month to advance the launch of a new revolving loan fund to support household energy efficiency and home solar systems. The team also received Bank of Marshall Islands’ request to borrow $900,000 to add to its revolving loan fund for […]

BOMI’s best year ever

BOMI’s best year ever

Journal 4/11/1975 P13 Ponape Legislature approves salaries Ponape District Legislature passed a bill last week setting salaries for the lawmakers annually at $6,000 and $7,000 for the speaker. While legislature observers feel the bill has a good chance of being accepted by Distad Leo Falcam, Falcam’s number two man Bermin Weilbacher said the chances of […]

BOMI to lose US bank link

BOMI to lose US bank link

GIFF JOHNSON The Bank of Marshall Islands — and the RMI in general — is facing the threat of losing all connections with US banks, links that allow thousands of individuals, businesses and government agencies to carry out routine financial transactions. This threat to BOMI and the RMI economy stems from enforcement by the US […]