Asian Development Bank and Federated States of Micronesia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Federated States of Micronesia (FSM) as well as concise information on ADB's operations in the country and contact information. The Federated States of Micronesia (FSM) is a loose federation of four states, each with its own government and identity. Physical isolation of the country, and between the states, poses particular development challenges, as do tensions among national and state governments involving power, money, and land. The FSM’s economy is dominated by a public sector funded by sector grants under the Compact II assistance arrangement with the United States (US). Despite significant levels of development assistance, the FSM economy averaged annual growth of only 1.8% during Compact I (1987–2003).