Federated States of Micronesia, Implementation of the Public Sector Capacity Building Road Map
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Published: 2006
Total Pages: 20
ISBN-13:
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Published: 2006
Total Pages: 20
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DOWNLOAD EBOOKAuthor: Micronesia (Federated States). Economic Policy Implementation Council. Meeting
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Published: 2006
Total Pages: 68
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Published: 2002
Total Pages: 12
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DOWNLOAD EBOOKAuthor: Asian Development Bank
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Published: 2002
Total Pages: 12
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Published: 2005
Total Pages: 88
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DOWNLOAD EBOOKAuthor: Micronesia (Federated States). Office of Planning and Statistics
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Published: 1996
Total Pages: 46
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DOWNLOAD EBOOKAuthor: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2019-09-06
Total Pages: 78
ISBN-13: 1513513273
DOWNLOAD EBOOKThis 2019 Article IV Consultation with Federated States of Micronesia (FSM) highlights that the economy has performed well in recent years, with relatively high growth and low inflation. Fiscal and current account balances have recorded large surpluses since 2017, owing to the authorities’ decision to save revenue windfalls. Nonetheless, the FSM faces significant medium-term uncertainty as various economic supports under the Compact Agreement with the United States are set to expire in 2023. Unless they are renewed, the FSM is expected to lose access to Compact grants, giving rise to a fiscal cliff in 2023; banking sector oversight by the Federal Deposit Insurance Corporation; and post-disaster rehabilitation assistance. The country is highly vulnerable to climate change, while private sector activity remains anaemic. It is recommended to improve resilience to climate change by strengthening capacity to implement adaptation projects. Over the medium term, disaster risks should be mitigated by using disaster insurance and disaster-contingent foreign financing.
Author: Micronesia (Federated States). Economic Policy Implementation Council. Meeting
Publisher:
Published: 2004
Total Pages: 226
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Published: 2004
Total Pages: 578
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DOWNLOAD EBOOKAuthor: Asian Development Bank
Publisher:
Published: 2005
Total Pages: 596
ISBN-13:
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