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Author :
Release : 1995
Genre : Micronesia (Federated States)
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Federated States of Micronesia Economic Report by :
Download or read book Federated States of Micronesia Economic Report written by . This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary
Release : 2021-11
Genre : Business & Economics
Kind : eBook
Book Rating : 938/5 ( reviews)
Book Synopsis Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia by : International Monetary
Download or read book Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia written by International Monetary. This book was released on 2021-11. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters.
Author : International Monetary Fund
Release : 1996-10-15
Genre : Business & Economics
Kind : eBook
Book Rating : 759/5 ( reviews)
Book Synopsis Federated States of Micronesia by : International Monetary Fund
Download or read book Federated States of Micronesia written by International Monetary Fund. This book was released on 1996-10-15. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes recent economic developments in the Federated States of Micronesia. Real GDP grew by a modest 1 percent in 1995, well below the average growth rate recorded during 1991–94, according to tentative estimates prepared by the IMF staff. The overall fiscal balance of the national government has registered surpluses for the past several years. Total revenue and grants have increased, mainly reflecting higher nontax revenue from fishing license fees from Korea and Taiwan, Province of China, and higher non-Compact grants.
Author : International Monetary Fund. Asia and Pacific Dept
Release : 2019-09-06
Genre : Business & Economics
Kind : eBook
Book Rating : 265/5 ( reviews)
Book Synopsis Federated States of Micronesia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Federated States of Micronesia written by International Monetary Fund. Asia and Pacific Dept. This book was released on 2019-09-06. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Federated States of Micronesia (FSM) highlights that the economy has performed well in recent years, with relatively high growth and low inflation. Fiscal and current account balances have recorded large surpluses since 2017, owing to the authorities’ decision to save revenue windfalls. Nonetheless, the FSM faces significant medium-term uncertainty as various economic supports under the Compact Agreement with the United States are set to expire in 2023. Unless they are renewed, the FSM is expected to lose access to Compact grants, giving rise to a fiscal cliff in 2023; banking sector oversight by the Federal Deposit Insurance Corporation; and post-disaster rehabilitation assistance. The country is highly vulnerable to climate change, while private sector activity remains anaemic. It is recommended to improve resilience to climate change by strengthening capacity to implement adaptation projects. Over the medium term, disaster risks should be mitigated by using disaster insurance and disaster-contingent foreign financing.
Author : International Monetary Fund
Release : 2009-03-05
Genre : Business & Economics
Kind : eBook
Book Rating : 821/5 ( reviews)
Book Synopsis Federated States of Micronesia by : International Monetary Fund
Download or read book Federated States of Micronesia written by International Monetary Fund. This book was released on 2009-03-05. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
