FSM 2023 Action Plan

Federated States of Micronesia; 2023 Planning Committee (February 2015). FSM 2023 Action Plan (Report). Palikir, Pohnpei: FSM National Government.

• Has attachment: File:MTTZ5BKB.pdf

Abstract: This is a national policy and economic strategy document issued by the Federated States of Micronesia in 2015 outlining reforms and development priorities in anticipation of the expiration of Amended Compact financial provisions in 2023. The plan focuses on achieving fiscal self-reliance and economic growth through reforms in infrastructure, tourism, agriculture, fisheries, energy, and governance. It identifies a projected fiscal gap of over $40 million beginning in 2024 and emphasizes the need for increased private sector development and improved infrastructure investment. The document also highlights the importance of coordinating with external partners and diversifying development assistance, with foreign aid—including support from regional partners such as the People’s Republic of China—playing a role in infrastructure, energy, and economic development initiatives.