Aviation Safety and Security - ADB's Take

Developing safe air transport systems and airports is a critical task for all nations. The complex work requires that small and developing countries work together to pool their resources and expertise. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

ADB to Invest $228 Million in Energy Projects in Pacific for 2015-2017

ADB will invest $228 million in energy projects in the Pacific in the next 3 years to help countries reduce heavy reliance on fossil fuels and support sustainable and environment-friendly growth. Read More

Greater Employment Challenges in the Pacific Looming

Economies across the Pacific need to create more jobs for their rapidly growing young populations. Read More

Overview

Despite robust growth of the fishery sector, the overall economic outlook for the Federated States of Micronesia (FSM) remains challenging, as private sector activities are yet to offset declining public investments resulting from reductions of financing from Compact grants. The FSM government and ADB are together placing particular importance on private sector development to put the economy on a higher growth path. The FSM also needs to prepare a medium-term fiscal reform plan to ensure sufficient fiscal resources upon the planned expiration of the Compact grants in fiscal year 2023.

Fast Facts

0.10 (2013)
Population in millions

0.1% (2008-2013)
Average annual population growth rate

31.4% (2005)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
6.50 / 7.72
Agriculture (1)
 
9.04 / 10.74
Energy (2)
 
31.02 / 36.85
Public Sector (3)
 
10.60 / 12.59
Water Supply (1)
 
27.02 / 32.10
Multisector (3)
 
84.18 / 100.00
TOTAL (10)
Cumulative as of 31 December 2013