ADB Urges Marshalls to Prepare for End of US Compact

    The Asian Development Bank has urged the Marshall Islands to start undertaking measures necessary to cope with the imminent end of its compact funding agreement with the United States. The regional bank is encouraging the Marshalls to generate surpluses and add these to its national trust fund, 

    reports.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.