Federated States of Micronesia and ADB

In the Spotlight

News Release

Tourism-Driven Economies in the Pacific to Feel Brunt of COVID-19 Pandemic — ADB

In the FSM, GDP growth is projected to slow from 3.0% in 2019 to 1.6% in 2020. The start of new capital projects supported by development partners will now be pushed back, supporting higher growth of 3.0% in 2021.

News Release

ADB Announces $1.53 Million in Grants to Help Pacific Combat COVID-19

ADB announced $1.53 million in grants from its Asia Pacific Disaster Response Fund to help finance the response to the novel coronavirus (COVID-19) pandemic in the Federated States of Micronesia (FSM), the Marshall Islands, Nauru, and Tuvalu. FSM will receive $470,000, which will enable the country to kickstart their disaster response plans.

News Release

Pacific Energy Update 2019

ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.

Publication

Asian Development Bank and the Federated States of Micronesia: Fact Sheet

ADB supports the Federated States of Micronesia’s Action Plan 2023 by prioritizing investments in energy, water supply and sanitation, and basic education; and providing technical assistance that supports public administration reforms.

Data: FSM ADB and the FSM: Fact Sheet

Economic Forecast

GDP forecasts are based on ADB's flagship publication, the Asian Development Outlook. Updated four times a year, it analyzes economic and development issues in developing countries in Asia and the Pacific.

Poverty in the FSM

Development indicators for the FSM, including a selection of economic, environmental, and social indicators used globally to track progress toward the Sustainable Development Goals.

Projects Cofinanced, 2014-2018

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

FSM: Cofinancing

Project Performance, 2000-2018

Download data: Success Rates Database

ADB Projects in the FSM

Project Results

Project Result / Case Study
The Pacific Islands: The Push for Renewable Energy
A structural shift is taking place in the Pacific islands, as countries move away from fossil fuels in favor of more climate friendly forms of energy.
Project Result / Case Study
The Pacific Islands: Building Resilience to Natural Disasters
Across the region, ADB is committed to preparing climate change risk assessments for all its infrastructure investments in the Pacific.
Project Result / Case Study
The Pacific Islands: Connecting Countries to Each Other and the World
Connectivity in the Pacific has two components: the physical and the digital. ADB has been working with development partners to help people and businesses overcome their isolation.