Federated States of Micronesia: Selected Issues and Statistical Appendix

March 9, 2007

Summary

This Selected Issues paper examines the reasons for the poor initial performance of the Compact Trust Fund (CTF) of Micronesia and the issues related to the governance framework. The design and recent implementation of the CTF raise concerns that Micronesia will still face a difficult transition after U.S. aid ends in FY2023. The paper provides forecasts for the fund over the medium term. It also examines the business environment in Micronesia and identifies possible areas for improvement.

Subject: Balance of payments, Business environment, Economic sectors, Extra budgetary funds, Foreign direct investment, National accounts, Personal income, Public financial management (PFM), Public sector

Keywords: business, Business environment, country, CR, CTF funds, Extra-budgetary funds, Foreign direct investment, fund, fund fall, ISCR, Micronesia, Micronesian authorities, Pacific Islands, Personal income, private sector, private sector in the Federated States of Micronesia, Public sector, State regulation, trust fund committee, yield

Pages:
45
Volume:
2007
DOI:
https://doi.org/10.5089/9781451813807.002
Issue:
105
Series:
Country Report No. 2007/105
Stock No:
1FSMEA2007001
ISBN:
9781451813807
ISSN:
1934-7685

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