Asian Development Bank and the Federated States of Micronesia: Fact Sheet
ADB will continue to support the government’s priorities in energy, water supply and sanitation, and basic education, and provide technical assistance for public administration reforms, particularly at the state level.
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.
Following the FSM’s Infrastructure Development Plan update in 2015, the United States Joint Economic Management Committee continues to closely monitor the use of the Compact infrastructure grant, which is essential to stimulate the country’s growth as it emerges from the COVID-19 pandemic.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.