ADB's Work in the Federated States of Micronesia
Shareholding and Voting Power
Number of shares held:
426 (0.004% of total shares)
39,540 (0.297% of total membership, 0.457% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The Federated States of Micronesia (FSM) comprises four states—Chuuk, Kosrae, Pohnpei, and Yap—spread across 607 islands in the Northwest Pacific. As a small island developing state, the FSM experiences heightened barriers to growth due to its geographic isolation, small population and capacity constraints, and exposure to natural hazards. In 2020, the FSM’s economy was significantly impacted by border closures imposed in response to the coronavirus disease (COVID-19) pandemic.
The FSM joined ADB in 1990. ADB’s programing in the country seeks to reduce costs by increasing the supply of renewable energy; manage risks by improving disaster risk financing and public financial management; and create value by delivering safe water and sanitation services, strengthening human capacity, and supporting private sector development.
Lovely beach in Chuuk. Chuuk State is one of the states in the Federated States of Micronesia.
Since 1990, ADB has committed loans of $83.5 million, grants of $66.8 million, technical assistance projects worth $26.6 million, and ADBadministered cofinancing of $8 million for the FSM.