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
The comparatively small amount of funding PSDI has spent in the Federated States of Micronesia has mostly gone to Financing Growth initiatives—$89,703 of the total allocation of $109,397. This has largely been used to fund PSDI's work to increase the provision of finance using the secured transactions regime.
On this website, $ refers to US dollars unless otherwise stated.