Economic Review, FSM FY 2018

Economic Review, FSM FY 2018 (PDF) (Report). Washington, DC: Pacific and Virgin Islands Training Initiatives (PITI-VITI). March 2020. p. 148.

• Has attachment: File:GCX6EF58.pdf

Abstract: provides an extensive analysis of the economic conditions in the Federated States of Micronesia (FSM) for the fiscal year 2018. It includes detailed sections on various aspects of economic performance, financial sectors, fiscal performance and policy, public financial management, state-owned enterprises (SOE) performance and reforms, and private sector developments.

The review also addresses critical topics like Compact Issues and provides an economic outlook for FSM. It presents a long-term economic outlook, discussing potential economic prospects, assumptions, fiscal projections, and economic activity. Additionally, the document examines the effectiveness of U.S. financial and technical assistance and the status of economic policy reforms. It highlights the need for reform and the possibility of improved performance with donor support. The review also examines the Compact Trust Fund and the impact of its extension, aiming for a sustainable support source for government operations.