IMF Staff Completes 2017 Article IV Visit to the Federated States of Micronesia
An
"The Micronesian economy continued its gradual recovery in FY2016 (ending
"Despite the recovery, risks are tilted to the downside beyond the near term. Possible extreme weather events resulting from climate change, delays in infrastructure projects, and declining external grants could pose risks to growth. The current trajectory of the
"Securing fiscal sustainability, building resilience to climate change, facilitating private sector development, and promoting safe financial inclusion remain the policy priorities. The
"The team would like to thank the Micronesian authorities for their hospitality and close cooperation. The
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