As part of new initiatives aimed at reducing the cost of living and decreasing emigration, every resident of the country will receive about $200 quarterly. These funds are available through a bank account, check, or in the form of cryptocurrency using an official digital wallet.
The Minister of Finance of the Marshall Islands, David Paul, commented: “Although the amount of $200 per person per quarter, which totals about $800 a year, is not enough to quit a job, it significantly boosts people's morale.”
The first payments were already made at the end of November. This program is funded from a special fund created as a result of an agreement with the United States aimed at compensating for the damage caused to the Marshall Islands by American nuclear tests. The fund manages assets exceeding $1.3 billion, and the U.S. will allocate an additional $500 million by 2027.
The Marshall Islands are an archipelago located in the Pacific Ocean between Hawaii and Australia.
