Front Matter

Front Matter Page

©1996 International Monetary Fund

October 1996

IMF Staff Country Report No. 96/107

Federated States of Micronesia—Recent Economic Developments

This report on recent economic developments in the Federated States of Micronesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of the Federated States of Micronesia or the Executive Board of the IMF.

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Front Matter Page

INTERNATIONAL MONETARY FUND

FEDERATED STATES OF MICRONESIA

Recent Economic Developments

Prepared by C. Browne, G. Oestreicher, and E. Sidgwick (all SEA)

Approved by the Southeast Asia and Pacific Department

August 5, 1996

Contents

  • I. Introduction

  • II. Output and Prices

    • A. Output

    • B. Prices, Employment, and Wages

    • C. Environmental Issues

  • III. Public Finance

    • A. Consolidated Budgetary Developments in 1993/94 and 1994/95

    • B. National Government Finances

    • C. Fiscal Developments in Chuuk

    • D. Fiscal Developments in Other States

    • E. Nonfinancial Public Enterprises

    • F. Social Security Administration

  • IV. Financial Sector

    • A. Background

    • B. Recent Developments

  • V. External Sector

    • A. Merchandise Trade

    • B. Services and Transfers

    • C. Capital Account, Overall Balance, and External Debt

    • D. Exchange and Trade System

  • Tables

    • 1. Gross Domestic Product, 1991-95

    • 2. Public Sector Employment and Wages, 1992-95

    • 3. Consolidated General Government Finances, 1990/91-1994/95

    • 4. U.S. Grants Under the Compact of Free Association, 1991/92-1995/96

    • 5. National Government Finances, 1990/91-1994/95

    • 6. Chuuk Government Finances, 1990/91-1994/95

    • 7. Kosrae Government Finances, 1990/91-1994/95

    • 8. Pohnpei Government Finances, 1990/91-1994/95

    • 9. Yap Government Finances, 1990/91-1994/95

    • 10. Social Security Administration, 1990/91-1995/96

    • 11. Banking Survey, 1991-95

    • 12. Interest Rates of Deposit Money Banks, 1991-95

    • 13. Assets and Liabilities of the Federated States of Micronesia Development Bank, 1991-95

    • 14. Balance of Payments, 1990/91-1994/95

    • 15. Exports by Major Product Category, 1991-94

    • 16. Imports by Major Product Category, 1991-94

    • 17. Imports by Country of Origin, 1991-94

    • 18. External Debt and Debt-Service Obligations, 1990/91-1994/95

Federated States of Micronesia: Recent Economic Developments
Author: International Monetary Fund