Federated States of Micronesia and ADB
In the Spotlight
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Pacific Growth to Pick Up in 2017 — ADB Report
Pacific economies face gradually improving growth prospects in the next 12 months on the back of stronger economic fundamentals, says a new ADB report.
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Pacific Urban Update 2016: Federated States of Micronesia
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.
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GCF Supports ADB to Accelerate Shift to Renewable Energy in the Pacific
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.
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Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region
The Pacific Private Sector Development Initiative—a regional technical assistance facility cofinanced by ADB, the Government of Australia, and the Government of New Zealand—has undertaken landmark secured transaction reforms in eight Pacific Island countries, including the Federated States of Micronesia. These reforms have unlocked the value in “movable” assets such as machinery, inventory, and accounts receivable for use as collateral in borrowing.
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.
Latest
New Facility to Boost Energy Security, Clean Energy in Pacific
ADB has approved a new Pacific Renewable Energy Investment Facility which will finance a series of renewable energy projects and sector reform in the smallest 11 Pacific island countries.
Energy Operations in the Pacific
ADB's work in the Pacific energy sector is improving efficiency, scaling up the use of renewables, and strengthening public and private sector institutions to drive resilient, low-carbon economic growth in the region.
ADB Supports Energy Reform, Clean and Renewable Energy in Pacific
ADB is partnering with governments, communities, and the private sector to help improve the availability and quality of clean and affordable sustainable power in the Pacific region, says a new ADB report.
Projects in Federated States of Micronesia
Proposed
No projects in this category were found.
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100
Maternal mortality ratio in Micronesia, per 100,000 live births (2015)
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0.1
Population in Micronesia, in millions (2016)
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-0.04%
Average annual population growth rate in Micronesia (2011-2016)
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41.2%
Population living below the national poverty line in Micronesia (2013)
