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Law > Business and Financial

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Micronesia, Federated States of x
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Cover IMF Staff Country Reports
Federated States of Micronesia: 2012 Article IV Consultation
International Monetary Fund. Asia and Pacific Dept
The Federated States of Micronesia (FSM) is highly dependent on external aid. Following a recession in FY2006–08, the FSM economy has grown by 2–2½ percent for FY2010 and FY2011. The economy remains dependent on the large public sector, although the fisheries and agriculture sectors have shown signs of growth. Despite some deterioration in current account balance, external balance also has sustained a stable flow of official transfers. However, economic growth is likely to slow in the near term owing to a decline in public sector demand.
Keywords:
ISCR; CR; FSM authorities; government; Micronesia; government development priority; FSM economy; IMF staff estimate; government balance; FSM government; Public enterprises; Inflation; Pacific Islands; Global; Asia and Pacific
Cover Policy Papers
Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount
International Monetary Fund
In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the "SFA Instrument"). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of subaccounts under the SFA. This paper requests Executive Board approval to establish the Pacific Financial Technical Assistance Center (PFTAC) subaccount (the "Subaccount") under the terms of the SFA Instrument.
Keywords:
PP; Liberia Macro-Fiscal Subaccount; contributor; terms and conditions; finance Subaccount; terms and conditions of the Subaccount; PFTAC beneficiary; paper requests executive board approval; territories of PFTAC; ex ante concurrence; fund's involvement; contributor's resource; General government spending; Anti-money laundering and combating the financing of terrorism (AML/CFT); Tax administration core functions; Pacific Islands
Cover IMF Staff Country Reports
Federated States of Micronesia: 2010 Article IV Consultation-Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Federated States of Micronesia on the Executive Board Discussion.
International Monetary Fund
The economy has recovered following the stabilization of commodity and food prices. The Article IV discussions focused on policies to secure a sustained recovery and achieve long-term economic and fiscal sustainability. The recovery will likely remain weak, and the consolidated fiscal surplus is expected to decline in the near term. Long-term sustainability could be achieved through increasing the fiscal surplus. The reliability, coverage, and timeliness of economic statistics need to be improved to guide policies. The global crisis has increased the urgency of major fiscal and structural reforms.
Keywords:
ISCR; CR; Micronesia; authority; Micronesian authorities; FSM authorities; government; consolidation effort; IMF staff estimate; FSM authority; Foreign direct investment; Pacific Islands; Global