Federated States of Micronesia : 2012 Article IV Consultation

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

January 17, 2013

Electronic Access:

Free Full Text (PDF file size is 1100 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 13/16

Subject:

English

Publication Date:

January 17, 2013

ISBN/ISSN:

9781475548600/1934-7685

Stock No:

1FSMEA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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