The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Climate Change Policy Assessment (CCPA) takes stock of the Federated States of
Micronesia (FSM)'s climate response plans, from the perspective of their macroeconomic and
fiscal implications. The CCPA is a joint initiative by the IMF and World Bank to assist small states to
understand and manage the expected economic impact of climate change, while safeguarding longrun
fiscal and external sustainability. It explores the possible impact of climate change and natural
disasters and the cost of FSM's planned response. It suggests macroeconomically relevant reforms
that could strengthen the national strategy and identifies policy gaps and resource needs.