Federated States of Micronesia
In the Federated States of Micronesia, PSDI is supporting reforms to create an enabling environment for business, particularly through increased access to finance.
PSDI is working with the Government of the Federated States of Micronesia to:
- Provide ongoing support to the secured transactions regime, focused on increasing lenders’ uptake of the framework, and upgrading the secured transactions registry;
Strengthen the commercial operations of the government-owned FSM Development Bank, particularly with the design and piloting of financing products for the agricultural sector; and
Analyse outsourcing options for state-owned enterprise.
Resources and Spending
Of the $109,397 PSDI has spent in the Federated States of Micronesia, $89,703 has gone to Financing growth initiatives. This has largely been used to fund PSDI’s work to increase the provision of finance using the secured transactions regime, and support to the FSM Development Bank.
On this website, $ refers to US dollars unless otherwise stated.
For detailed information on PSDI activities in the Federated States of Micronesia, download the April 2020 PSDI Country Overview here.