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.

Micronesia2007 2019 web

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.

Federated States of Micronesia at a glance

10-year strategic plan developed

for the FSM Development Bank, as well as an accompanying business plan

Finance for agricultural businesses

PSDI assisted FSMDB with the design and piloting of an agri value chain financing facility, which will help farmers and agricultural businesses access the finance needed to operate and expand their businesses

5,500 securities registered

As of end-2019, more than 5,500 security interests over movable assets to be used as collateral for loans have been registered in the Federated States of Micronesia using the PSDI-supported registry.
Key Publications
Government-Owned Banks: Their Role in Pacific Financial Systems
Government-Owned Banks: Their Role in Pacific Financial Syst...
This paper aims to assist policymakers in addressing questions around government ownership of banks while highlighting the need to increase private participation in most Pacific financial systems, for these systems to meet the financing needs of businesses.
PSDI 2007-2019 Activities and Results Overview
PSDI 2007-2019 Activities and Results Overview
PSDI ended its third funding phase on 31 December 2019. This brochure, designed to mark the end of that phase, highlights key activities and results during PSDI's first three phases (2007-2019).
PSDI Country Overviews April 2020
PSDI Country Overviews April 2020
What is PSDI doing in the Pacific? These factsheets provide an overview of all PSDI activities in the Pacific up to April 2020.
PSDI Annual Progress Report 2018–2019
PSDI Annual Progress Report 2018–2019
This report gives an overview of PSDI activities from July 2018 to June 2019.
Finding Balance 2019: Benchmarking the Performance of State-owned Banks in the Pacific
Finding Balance 2019: Benchmarking the Performance of State-...
This report profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries.
Finding Balance 2019: Benchmarking the Performance of Pacific State-owned Banks
Finding Balance 2019: Benchmarking the Performance of Pacifi...
This report profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries.