Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Growth Slows in the Pacific Region

Economic expansion has slowed in the Pacific region but there are bright spots on the horizon, according to a newly published report. Read More

Southeast Asia's Strength Keeps Asia Growth on Track - ADB Report

The surging economies of Southeast Asia have been a bright spot in developing Asia’s otherwise subdued 2012 growth performance, but the broader region should still pick up steam in 2013, says a new ADB report. Read More

Overview

The Federated States of Micronesia (FSM) is a loose federation of four states, each with its own government and identity. The physical isolation of the country and the distances between the four states pose particular development challenges. With the preparation of the development framework, and the hosting of the 2012 FSM Development Partners Forum, the FSM government has embarked on a process that would allow for the collaborative identification and pursuance of national and state-specific development priorities.

ADB’s country operations business plan (COBP), 2013-2015, for FSM focuses on strengthening public sector management and infrastructure development in two key sectors, energy and transport.

Fast Facts

0.10 (2012)
Population in millions

-0.4% (2010-2012)
Annual population growth rate

29.9% (2005)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
6.50 / 8.65
Agriculture (1)
 
31.02 / 41.28
Public Sector (3)
 
10.60 / 14.11
Water Supply (1)
 
27.02 / 35.96
Multisector (3)
 
75.14 / 100.00
TOTAL (8)
Cumulative as of 31 December 2012