Jayapura, 11/2 (Jubi/IslandsBusiness) – Marshall Islands has established a new corporation to actively promote investments and exports, in order to,increase the country’s economic growth. It will work hard to arrest low growth the,country has been experiencing – an underlying cause of the slow pace of social,and economic development.
The Office of Commerce & Investment of Marshall Islands was created by an act of
parliament late last year. It has wide-ranging functions and powers, designed to
make it a catalyst for economic and social development. It will attract and facilitate
investments and also make equity investments in worthwhile projects.
Its mission is to pursue economic development programs and projects to improve
the economic and social conditions of the people of Marshall Islands.