Federated States of Micronesia: Asian Development Bank Member Fact Sheet 2018
Asian Development Bank | April 2019
Abstract
The economy of the Federated States of Micronesia (FSM) continued to grow in 2018, driven largely by the fishing industry, which has attracted substantial increases in domestic revenues from fishing licenses sold to foreign fleets. The FSM’s economy has otherwise been stagnant, and significant development challenges remain. Development partner support has focused on achieving medium-term fiscal sustainability to ensure that sufficient resources are available when grants from the Compact of Free Association with the United States (the Compact) expire in 2023. Investments are also being made to stimulate the FSM’s private sector.
Citation
Asian Development Bank. 2019. Federated States of Micronesia: Asian Development Bank Member Fact Sheet 2018. © Asian Development Bank. http://hdl.handle.net/11540/9912.Keywords
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development Research
Green revolution
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Development
Economics
Development In East Asia
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Economic development projects
Economic forecasting
Economic development projects
Municipal government
Technology transfer
Exchanges of patents and technical information
Technical education
Technology
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Transfer Technocracy
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