This is the first country to introduce a universal basic income - Marshall Islands Launches World’s First Universal Basic Income Program
The Marshall Islands has become the first country in the world to launch a universal basic income (UBI) for all its citizens. Payments began at the end of November, with each resident receiving $200 every three months. This move marks a historic step in how governments distribute financial support to their populations. The UBI programme is funded through a trust set up by the United States. Each citizen now receives $800 annually, paid in quarterly instalments. The scheme operates differently from traditional welfare systems, offering a fixed sum to every resident regardless of income or employment status. The Marshall Islands’ UBI programme sets a global precedent by using blockchain technology for direct payments. Citizens now have multiple ways to access their funds, including digital currency. The long-term effects of this approach will be closely watched by other nations considering similar schemes.
