Federated States of Micronesia and ADB
In the Spotlight
Pacific economies are looking to overcome their remoteness through telecommunications technology, improved transport networks, and greater private investment and competition, says a new ADB report.
The Omnibus Infrastructure Development Project closed in 2016. It has seen 6,200 residents in the coastal town of Kolonia, Pohnpei benefit from improved sewage treatment and water quality at the Kolonia Port of Micronesia.
The Green Climate Fund (GCF) has approved funding to support a proposed ADB program that will assist seven Pacific island countries to transition to a renewable energy future.
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.
Projects in Federated States of Micronesia
No projects in this category were found.
Average annual population growth rate in Micronesia (2011-2016)
Population in Micronesia, in millions (2016)
Population living below the national poverty line in Micronesia (2013)
Maternal mortality ratio in Micronesia, per 100,000 live births (2015)