Federated States of Micronesia: Selected Issues and Statistical Appendix

International Monetary Fund

No 2007/105, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Micronesia; fund; private sector; country; business; yield; CTF funds; State regulation; fund fall; trust fund committee; private sector in the Federated States of Micronesia; Micronesian authorities; Extra-budgetary funds; Foreign direct investment; Business environment; Public sector; Personal income; Pacific Islands (search for similar items in EconPapers)
Pages: 45
Date: 2007-03-09
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