Marshall islands, Aug. 11 -- The World Bank's Board of Executive Directors has approved a US$15 million grant to help the Republic of the Marshall Islands improve the ways in which public funds are managed and build local financial skills. The Strengthening Public Financial Management II project will support more timely and transparent budgets and financial reporting by the country's Ministry of Finance, Banking and Postal Service. The project builds on earlier support that helped introduce a national financial management information system and update public finance and procurement laws.Many finance roles are unfilled and skilled professionals in short supply. To address this challenge, the project will strengthen skills in accounting, inte...