Countries and Regions

	Table of Contents
p. 9 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies A. Infrastructure B. Social Infrastructure and Environment C. Environment D. Governance Dimensions of ADB Operations E. Gender Dimensions of ADB Operations F. Private Sector Development IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Federated States of Micronesia : III. Sector Strategies

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A. Infrastructure

27. The FSM country assistance program has developed from one that previously emphasized sector specific lending, to a program that is focused on the policies and institutions required for further economic restructuring and the liberalization of factor markets in support of investment and growth. Direct assistance to physical infrastructure does, therefore, not feature prominently in the FSM country assistance plan. Current priorities acknowledge the extent of existing infrastructure and the lack of adequate public asset management and maintenance as requiring attention.

28. ADB will continue to monitor the progress of reforms in the public sector and factor market liberalization which will improve governance and institutional capacity, including management of public assets and the promotion of a business friendly environment. Subject to further implementation of reforms, ADB would consider assistance for physical infrastructure development.

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