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Annual Report 2003 : Moving the Poverty Reduction Agenda Forward: Priorities and Outcomes : The Pacific

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Federated States of Micronesia

Strategy and Policy Dialogue.
Operations focused on three broad objectives: good governance, social service development, and pro-poor economic growth. To promote good governance, ADB provided technical assistance to improve public sector efficiency and effectiveness in both national and state governments particularly in economic policy formulation and implementation and in public financial management. ADB’s priority in social services was to promote equity, access, and quality; to strengthen management; and to mobilize resources for sustainable delivery. To attain propoor economic growth, ADB focused assistance on the private sector and on essential infrastructure.

Policy dialogue focused on capacity building in the public sector and on promoting private sector development. ADB helped the Government plan a countrywide economic summit to be held in 2004 and to prepare a national strategic and infrastructure development plan.

Loans and Technical Assistance.
No loans were approved. Three advisory technical assistance projects were approved totaling $1.2 million.

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