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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 0.6 0.6
Consumer Prices 3.3 2.7
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Federated States of Micronesia: Financial Position in the Fund


IMF Resident Representative
Office in the Federated States of Micronesia

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Federated States of Micronesia and the IMF
Updated November 13, 2014

The last Article IV Executive Board Consultation was on January 14, 2013. Listed below are items related to the Federated States of Micronesia, in reverse chronological order (you can also view items by category).

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November 13, 2014 -- Press Release: The Federated States of Micronesia Begins Participation in the IMF’s General Data Dissemination System
October 28, 2013 -- 2013 Staff Visit with the Federated States of Micronesia Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 11, 2013 -- Statement by the Hon. Kensley Ikosia, Governor of the World Bank Group for the Federated States of Micronesia, on behalf of the Federated States of Micronesia, Kiribati, the Republic of Marshall Islands, the Republic of Palau, Samoa, Solomon Islands,T
PDF File Size: 425Kb
April 20, 2013 -- IMFC Statement by Oh-Seok Hyun, Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 169Kb
January 17, 2013 -- Federated States of Micronesia: IMF Executive Board Concludes 2012 Article IV Consultation
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 17, 2013 -- Federated States of Micronesia: 2012 Article IV Consultation
Series: Country Report No. 13/16
January 17, 2013 -- Federated States of Micronesia: 2012 Statistical Appendix
Series: Country Report No. 13/17
November 19, 2012 -- Federated States of Micronesia (FSM)-2012 Article IV Consultation Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 13, 2012 -- IMFC Statement by Wayne Swan, Deputy Prime Minister and Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 478Kb
April 21, 2012 -- IMFC Statement by Mr. Wayne Swan, Deputy Prime Minister and Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 298Kb
October 12, 2011 -- Federated States of Micronesia—2011 Staff Visit Preliminary Conclusions
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
February 04, 2011 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Micronesia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 04, 2011 -- Federated States of Micronesia: Statistical Appendix
Series: Country Report No. 11/36
February 04, 2011 -- Federated States of Micronesia: 2010 Article IV Consultation-Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Federated States of Micronesia on the Executive Board Discussion.
Series: Country Report No. 11/43
November 17, 2010 -- Press Release: Statement by the 2010 Article IV Consultation Mission to the Federated States of Micronesia
October 09, 2010 -- IMFC Statement by Jeung-Hyun Yoon, Minister of Strategy and Finance, Ministry of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 349Kb
April 24, 2010 -- IMFC Statement by Mr. Jeung-Hyun Yoon, Minister of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 353Kb
October 04, 2009 -- IMFC Statement by Jeung-Hyun Yoon, Minister of Strategy and Finance of Korea,Rep.of
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 396Kb
April 25, 2009 -- IMFC Statement by Mr. Kyung-Wook Hur,First Vice Minister, Ministry of Strategy and Finance, Korea on behalf of the Hon. Jeung-Hyun Yoon, Finance Minister of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 350Kb
March 05, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the Federated States of Micronesia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 05, 2009 -- Federated States of Micronesia: Statistical Appendix
Series: Country Report No. 09/80
March 05, 2009 -- Federated States of Micronesia: 2008 Article IV Consultation - Staff Report; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 09/81
November 26, 2008 -- Federated States of Micronesia--2008 Article IV Consultation, Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
November 21, 2008 -- Press Release: Statement of an IMF Staff Mission at the Conclusion of the 2008 Article IV Discussions with the Federated States of Micronesia
October 11, 2008 -- IMFC Statement by Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 353Kb
April 12, 2008 -- IMFC Statement by Hon. Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 52Kb
April 14, 2007 -- IMFC Statement by the Honourable Peter Costello, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 40Kb
March 09, 2007 -- Federated States of Micronesia: Selected Issues and Statistical Appendix
Series: Country Report No. 07/105
March 09, 2007 -- Federated States of Micronesia: 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 07/106
March 08, 2007 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with the Federated States of Micronesia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 17, 2006 -- IMFC Statement by the Hon. Okyu Kwon, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 303Kb
April 22, 2006 -- IMFC Statement by Honorable Tae-Shin Kwon, Vice Minister, Ministry of Finance and Economy, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 217Kb
September 25, 2005 -- Statement by the Hon. Jefferson Barton, Governor of the World Bank for the Republic of the Marshall Islands, on behalf of Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Republic of Palau, Samoa, Solomon Islands and Vanuatu, at the Joint Annual Discussion
PDF File Size: 353Kb
September 24, 2005 -- IMFC Statement by The Hon. Duck-Soo Han, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 180Kb
April 16, 2005 -- IMFC Statement by The Hon. Duck-Soo Han Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 683Kb
March 22, 2005 -- Public Information Notice: IMF Executive Board Concludes 2004 Article IV Consultation with the Federated States of Micronesia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 22, 2005 -- Federated States of Micronesia: Selected Issues and Statistical Appendix
Series: Country Report No. 05/103
March 22, 2005 -- Federated States of Micronesia: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Federated States of Micronesia
Series: Country Report No. 05/104
October 04, 2004 -- Statement by the Hon. Nick L. Andon, Governor of the Fund for the Federated States Of Micronesia, on behalf of the Federated States of Micronesia, Kiribati, Republic of Marshall Islands, Republic of Palau, Samoa, Solomon Islands, and Vanuatu, at the Joint Annual Discussion
PDF File Size: 149Kb
October 02, 2004 -- Statement by The Hon. Peter Costello, Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 96Kb
April 24, 2004 -- IMFC Statements Hon. Peter Costello, MP, Australian Treasurer
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 575Kb
September 24, 2003 -- Statement by the Hon. Casmir Remengesau, Governor of the World Bank for Republic Of Palau, and on behalf of the Federated States of Micronesia, Kiribati, Marshall Islands (Republic of ), Samoa, Solomon Islands, and Vanuatu at the Joint Annual Discussion
PDF File Size: 123Kb
September 21, 2003 -- Statement by The Hon. Peter Costello, M.P. Treasurer of Australia, to the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
On behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
April 12, 2003 -- IMFC Statement by Senator the Hon. Ian Campbell, Parliamentary Secretary to the Treasurer of Australia, April 12, 2003
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea, Marshall Islands, Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
February 10, 2003 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with the Federated States of Micronesia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 10, 2003 -- Federated States of Micronesia: 2002 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director of the Federated States of Micronesia
Series: Country Report No. 03/23
September 29, 2002 -- Statement by the Hon. Misa Telefoni Retzlaff, Governor of the IMF for Samoa, on behalf of Kiribati, Republic of the Marshall Islands, the Federated States of Micronesia, the Republic of Palau, Samoa, Solomon Islands and Vanatu, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
PDF File Size: 116Kb
September 28, 2002 -- Statement by The Hon. Peter Costello, M.P., Treasurer of Australia, to the International Monetary and Financial Committee, Washington, D.C., September 28, 2002
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 20, 2002 -- IMFC Statement by Senator The Hon. Ian Campbell Parliamentary Secretary to the Treasurer of Australia, April 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
November 17, 2001 -- Statement by The Hon. Peter Costello, Treasurer of Australia to the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the Development Committee , April 30, 2001
On behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the International Monetary and Financial Committee, April 29, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia - International Monetary and Financial Committee and Development Committee, April 29, 2001
On behalf of the World Bank constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu and the IMF constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, the Seychelles, Solomon Islands and Vanuatu.
September 27, 2000 -- Statement by the Hon. Beniamina Tinga, Governor of the IMF for Kiribati, on behalf of the Federated States of Micronesia, Kiribati, Republic of the Marshall Islands, Solomon Islands, Vanuatu, Palau and Samoa, at the Joint Annual Discussion
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September 24, 2000 -- Statement by Senator the Hon. Rod Kemp Assistant Treasurer of Australia to the International Monetary and Financial Committee
April 16, 2000 -- Statement by Senator the Hon. Rod Kemp, Assistant Treasurer of Australia, to the International Monetary and Financial Committee, April 16, 2000
The International Monetary and Financial Committee member for the constituency consisting of Australia, Kiribati, Korea, Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands, and Vanuatu
September 29, 1999 -- Statement by the Hon. Sela Molisa, Governor of the World Bank and the Fund for Vanuatu, on behalf of the Federated States of Micronesia, Kiribati, the Marshall Islands, Palau, Samoa, the Solomon Islands, and Vanuatu, at the Joint Annual Discussion
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October 07, 1998 -- Statement by the Hon. Bartholomew Aba'au Ulufa'alu, Governor of the World Bank for Solomon Islands, on behalf of the Federated States of Micronesia, Kiribati, Marshall Islands, Solomon Islands, Vanuatu and Western Samoa, at the Joint Annual Discussion
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September 23, 1998 -- Federated States of Micronesia - Recent Economic Developments
Series: IMF Staff Country Report No. 98/86
August 27, 1998 -- Public Information Notice: IMF Concludes Article IV Consultation with the Federated States of Micronesia
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
October 15, 1996 -- Federated States of Micronesia
Series: IMF Staff Country Report No. 96/107
September 14, 1995 -- Federated States of Micronesia - Statistical Appendix
Series: IMF Staff Country Report No. 95/90
Notes: This statistical appendix on the Federated States of Micronesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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