Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Tepid Demand Slows Growth in Developing Asia

Although advanced economies have largely met expectations, developing Asia’s growth forecast for 2013 has been trimmed to 6.3% from 6.6%, according to newly released ADB data. 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