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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.

Published: February 4, 2011
Electronic Access: Free Full Text (PDF file size is 1,048KB)
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Summary: The economy has recovered following the stabilization of commodity and food prices. The Article IV discussions focused on policies to secure a sustained recovery and achieve long-term economic and fiscal sustainability. The recovery will likely remain weak, and the consolidated fiscal surplus is expected to decline in the near term. Long-term sustainability could be achieved through increasing the fiscal surplus. The reliability, coverage, and timeliness of economic statistics need to be improved to guide policies. The global crisis has increased the urgency of major fiscal and structural reforms.
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Series: Country Report No. 11/43
Subject(s): Article IV consultation reports | Economic growth | Economic recovery | Fiscal sustainability | Foreign direct investment | Staff Reports | Tax reforms
    Published:   February 4, 2011        
    ISBN/ISSN:   9781455216635/1934-7685   Format:   Paper
    Stock No:   1FSMEA2011002   Pages:   47
    Price:   US$18.00
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