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Micronesia, Federated States of

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Anthony Gill
Country Team Leader
ADB Headquarters
6 ADB Avenue,
0401 Mandaluyong City
Manila, Philippines 1501

Tel: +632 632 4444
Fax: +632 636 2444
Email: agill@adb.org


Federated States of Micronesia
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Asian Development Outlook 2009

Delayed public works disbursements underpin another year of economic contraction

Continuing the poor performance of recent years, GDP contracted by an estimated 1.0% in FY2008. The lackluster outturn reflects delays in disbursement for public works under financial assistance arrangements with the US. Economic performance is largely driven by US grants under the Compact of Free Association. Read the full report.

Reports
Federated States of Micronesia and ADB
The FSM has received eight loans worth more than $75.14 million and technical assistance (TA) worth $23.68 million since joining ADB in 1990.

Learn more about ADB's partnership with Micronesia [ PDF ]

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Headquarters: 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines
Tel: + 632 632 4444 | Fax: + 632 636 2444 | Email: information@adb.org
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