Ministry of Finance, Banking & Postal Services

News

FOR IMMEDIATE RELEASE: Marshall Islands Engages OECD on Tax Transparency Commitments

Majuro, Republic of the Marshall Islands — August 7, 2025 The Ministry of Finance has announced that representatives from the Division of Customs, Treasury, Revenue & Taxation, along with officials from the Registrar of Corporations responsible for non- resident domestic entities, traveled to Paris in early July to defend the Republic’s interim report on the

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It’s Playoff Time!

The MOFBPS Men’s team started strong in the first round of the playoffs, securing a thrilling three-set victory over CMI last night. Awesome game by both teams! Next up, the men’s team advances to the second round and will face MIAPE/MOFAT today at 7:00 PM at ECC. Be sure to come out and support the

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That’s a Wrap! – FY 2026 Budget Development Workshop Day 2

On March 14, 2025, the Ministry of Finance, Banking, & Postal Services wrapped up the second and final day of its Budget Development Workshop. The event brought together technical staff from various Line Ministries and Government Agencies, focusing on key topics such as the Public Financial Management (PFM) Act, the Procurement Code, and the importance

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FY 2026 Budget Development – Day 1 Recap

On March 13, 2025, the Ministry of Finance, Banking & Postal Services, supported by the Chief Secretary and Chairperson of the Budget Coordinating Committee and the Secretary of MOFBPS, successfully launched the FY2026 Budget Development Workshop. Day 1 focused on macro-level budget formulation, covering: Heads of Department, senior staff, and technical budget teams actively participated,

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“Health is Wealth”

On February 10, the Ministry launched its three-month “Health is Wealth” Fitness Challenge to encourage healthy habits and physical activity. As we enter the final month, we want to wish all participants the best of luck—you’re almost there! Keep pushing forward! Kommol tata to our partner, the Wellness Center, for playing an important role in

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Successful Completion of Public Financial Management Project: ADB Mission Exit Meeting Highlights Key Outcomes

On February 27, 2025, Finance Minister David Paul, Secretary Ayako Yamaguchi-Eliou, key Finance staff, and the ADB Reform Coordination Unit (RCU) held an exit meeting with the Asian Development Bank (ADB) mission team to discuss the outcomes of the “Public Financial Management Project” mission (February 24-27, 2025). The mission team highlighted the successful completion of

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Senior Management Meeting: Progress, Future Plans, and Strategic Priorities

The Senior Management had a fruitful meeting to discuss key updates and future plans. Highlights include:• Current Activities: Progress on ongoing projects and solutions for challenges.• Future Plans: Upcoming initiatives with clear action steps and timelines.• Budget Monitoring: Review of financial status and strategies for cost management.• Aid Coordination: Improving collaboration for efficient aid delivery.• Service Efficiency: Enhancing internal processes and adopting new technologies. The

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