fbpx Federated States of Micronesia and ADB | Asian Development Bank

Federated States of Micronesia (FSM) and ADB

ADB supports the FSM'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.

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.

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.


Project Performance, 2000-2018

ADB Projects in the FSM

Project Results

News

11 Jun 2020 | News from Country Offices

Renewable Energy Investment, Business Continuity Plans Key to Pacific Utilities Rebounding from COVID-19

CEOs of utility companies from 11 Pacific countries laid the foundations of an action plan and explored new investment priorities and needs to help their sector recover from the impact of COVID-19 during a virtual meeting...

20 Apr 2020 | News from Country Offices

ADB Announces $6 Million Grant to Help FSM Combat COVID-19

ADB has announced a $6 million grant from its Pacific Disaster Resilience Program (Phase 2) to help finance the Government of the Federated States of Micronesia’s response to the novel coronavirus disease (COVID-19) pandemic.

03 Apr 2020 | News from Country Offices

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

The economies of the Cook Islands, Fiji, Palau, Samoa, and Vanuatu are the Pacific countries likely to feel the brunt of the COVID-19 pandemic, according to a new report by ADB released today.

01 Apr 2020 | News from Country Offices

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

ADB announced today $1.53 million in grants from its Asia Pacific Disaster Response Fund to help finance the response to the COVID-19 pandemic in the Federated States of Micronesia, the Marshall Islands, Nauru, and Tuvalu.

Contact

Pacific Department (PARD) - Asian Development Bank (ADB)

6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines

  Office Hours: 9:00 a.m. to 6:00 p.m. (Monday to Friday)

  Tel +632 6325346
  Fax +632 6362444
  E-mail

View all contacts