IMF warns Marshall Islands on digital projects

Majuro, Marshall Islands
Majuro, Marshall Islands

The International Monetary Fund counselled the Marshall Islands to halt two digital initiatives, saying these posed “financial stability and integrity risks”.

The Pacific-Island nation and former US territory passed legislation for a digital currency, the sov, in 2018, during the presidency of Hilda Heine. More recently, the legislature has considered establishing a Digital Economic Zone (DEZ) on an almost uninhabited island.

According to the law authorising the sov, it is a “digital

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: