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Federated States of Micronesia: 2012 Article IV Consultation

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  • International Monetary Fund

Abstract

The Federated States of Micronesia (FSM) is highly dependent on external aid. Following a recession in FY2006–08, the FSM economy has grown by 2–2½ percent for FY2010 and FY2011. The economy remains dependent on the large public sector, although the fisheries and agriculture sectors have shown signs of growth. Despite some deterioration in current account balance, external balance also has sustained a stable flow of official transfers. However, economic growth is likely to slow in the near term owing to a decline in public sector demand.

Suggested Citation

  • International Monetary Fund, 2013. "Federated States of Micronesia: 2012 Article IV Consultation," IMF Staff Country Reports 2013/016, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/016
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    Cited by:

    1. World Bank, 2015. "Republic of Yemen," World Bank Publications - Reports 23660, The World Bank Group.
    2. Kumhof, Michael & Yan, Isabel, 2016. "Balance-of-payments anti-crises," Journal of Macroeconomics, Elsevier, vol. 48(C), pages 186-202.
    3. Fritsch, Jorik & Poudineh, Rahmatallah, 2016. "Gas-to-power market and investment incentive for enhancing generation capacity: An analysis of Ghana's electricity sector," Energy Policy, Elsevier, vol. 92(C), pages 92-101.
    4. Tambunlertchai, Kanittha, 2015. "Financial Inclusion, Financial Regulation, and Financial Education in Thailand," ADBI Working Papers 537, Asian Development Bank Institute.

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