Fishing for Development

In the 1990s, the Republic of the Marshall Islands (RMI) turned its fisheries industry to a more open, lucrative and private sector driven, with the support of a series of strategic capacity development interventions sponsored by the Asian Development Bank. The turnaround in RMI's fisheries sector, which is described in this case as "one of the more positive episodes in the economic history of the Marshall Islands", was attributed, at least in part, to the leadership of RMI stakeholders, effective use of external advisors, and a flexible, adaptive and holistic approach to sector reforms.