Marshall Islands to Receive ADB Aid

The Marshall Islands is expected to receive a USD3 million grant from the Asian Development Bank,

reports. The grant will be used to purchase and install prepaid meters and other initiatives to improve the country's power utility company. A portion of the money will also finance a study to determine the feasibility of coconut oil as fuel.

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.