In the Spotlight
In the FSM, GDP growth is projected to slow from 3.0% in 2019 to 1.6% in 2020. The start of new capital projects supported by development partners will now be pushed back, supporting higher growth of 3.0% in 2021.
威廉希尔体育ADB announced $1.53 million in grants from its Asia Pacific Disaster Response Fund to help finance the response to the novel coronavirus (COVID-19) pandemic in the Federated States of Micronesia (FSM), the Marshall Islands, Nauru, and Tuvalu. FSM will receive $470,000, which will enable the country to kickstart their disaster response plans.
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
ADB supports the Federated States of Micronesia’s Action Plan 2023 by prioritizing investments in energy, water supply and sanitation, and basic education; and providing technical assistance that supports public administration reforms.