Federated States of Micronesia and ADB
In the Spotlight
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Building Resilience is Key to Economic Growth in the Pacific
The economies of countries in the Pacific are expected to recover over the next two years, although building resilience against natural hazards and climate change remains a key priority, according to a new ADB report.
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Pacific Economic Monitor – December 2018
The December 2018 issue of the Pacific Economic Monitor provides an update on developments in 14 Pacific economies, explores topical policy issues in the region over the years, and presents global forecasts for 2019.
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Our Work in the Pacific
ADB is scaling up its assistance in the Pacific, with our active portfolio growing from $500 million in 2004 to $2.6 billion at the end of 2017.
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Federated States of Micronesia: Opening for Business
The government and the people of the Federated States of Micronesia (FSM) have been working with ADB since 1990. According to a country brief, the FSM received a total of $99.57 million of support from ADB through loans, grants, and technical assistance by the end of 2010.
The resumption of public investments in the Federated States of Micronesia (FSM) has helped its economy attain 1.4% growth in Fiscal Year 2015, following 3 years of economic contraction. Stimulus from construction under compact infrastructure grants will support growth in the near term.
Development support has focused on stimulating the private sector and on achieving medium-term fiscal sustainability, to ensure sufficient resources are available as the expiration of compact grants in FY2023 approaches.
Read the fact sheet: ADB and the Federated States of Micronesia
Latest
New We-Fi Financing to Enhance ADB's Support for Women-Led SMEs in Viet Nam and Pacific
ADB has received $20.19 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Viet Nam and the Pacific.
This publication provides insights on how trade can be leveraged to enhance economic opportunities for women in the Pacific.
Leveraging Trade for Women’s Economic Empowerment in the Pacific
People and Places from the Pacific
A glimpse of people and places from the Asian Development Bank's 15 Pacific developing member countries.
Projects in the Federated States of Micronesia
Approved/Active
- Pacific Renewable Energy Program
- Implementing a Differentiated Approach to Urban Development in the Pacific
- The Economic Impacts of the End of Compact Grant Assistance
- Towards Effective and Sustainable Delivery of Development Results in Fragile Situations in the Pacific
- Asian Development Outlook 2019–2021
Funding Information
Source: ADB and the Federated States of Micronesia: Fact Sheet.
View on the Data Library