Countries and Regions

	Table of Contents
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Country Strategy and Program Update 2005-2006: Federated States of Micronesia

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I. Country Strategy

1. The Asian Development Bank’s (ADB) operational strategy in the Federated States of Micronesia (FSM) is consistent with ADB's Pacific Strategy for the New Millennium.¹ It continues to support the government’s strategy of private-sector-led economic growth. ADB's operational strategy covers three areas—good governance, inclusive social development, and pro-poor economic growth—consistent with the three pillars of ADB's poverty reduction strategy. It is also in line with the government’s development strategy and policies and outcomes of the 3^rd FSM Economic Summit in March-April 2004. A summary statement of the FSM country strategy is in Appendix 1.

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