Author: Micronesia (Federated States). Department of Economic Affairs
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 106

Get Book Here

Book Description

Author: Asian Development Bank
Publisher:
ISBN:
Category :
Languages : es
Pages : 38

Get Book Here

Book Description

Author:
Publisher:
ISBN:
Category : Micronesia (Federated States)
Languages : en
Pages : 20

Get Book Here

Book Description

Author:
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 102

Get Book Here

Book Description

Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 38

Get Book Here

Book Description

Author:
Publisher:
ISBN:
Category : Micronesia (Federated States)
Languages : en
Pages : 144

Get Book Here

Book Description

Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1616350938
Category : Business & Economics
Languages : en
Pages : 81

Get Book Here

Book Description
The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters.

Author: Wali M. Osman
Publisher:
ISBN:
Category : Micronesia (Federated States)
Languages : en
Pages : 16

Get Book Here

Book Description

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451813759
Category : Business & Economics
Languages : en
Pages : 34

Get Book Here

Book Description
This paper analyzes recent economic developments in the Federated States of Micronesia. Real GDP grew by a modest 1 percent in 1995, well below the average growth rate recorded during 1991–94, according to tentative estimates prepared by the IMF staff. The overall fiscal balance of the national government has registered surpluses for the past several years. Total revenue and grants have increased, mainly reflecting higher nontax revenue from fishing license fees from Korea and Taiwan, Province of China, and higher non-Compact grants.

Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 151350763X
Category : Business & Economics
Languages : en
Pages : 60

Get Book Here

Book Description
This 2015 Article IV Consultation highlights that Micronesia’s economy is stagnating, as externally funded infrastructure projects are moving slowly. Difficulties in the business climate, in particular those related to land tenure issues, continue to hold back private sector development. Real GDP growth of about 0.1 percent is estimated for the fiscal year 2014. The Micronesian economy is projected to grow at 0.6 percent in the medium term, while risks on the outlook are tilted to the downside. Growth in 2015 is projected to remain subdued at 0.3 percent, while consumer prices are projected to further decline to negative 1.0 percent thanks to the continued pass through of low oil prices.