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
Federated States of Micronesia | Pacific Tourism Sector Snapshot
Federated States of Micronesia | Pacific Tourism Sector Snap...
This tourism sector snapshot for the Federated States of Micronesia provides an overview of the tourism sector before the COVID-19 pandemic and identifies new and existing challenges and opportunities for the tourism industry.
Looking Forward Vol. 1: Evaluating the Challenges for Pacific Tourism after COVID-19
Looking Forward Vol. 1: Evaluating the Challenges for Pacifi...
This PSDI tourism sector assessment provides an overview of Pacific tourism before the COVID-19 pandemic, identifies challenges, and provides recommendations for a sustainable post-pandemic recovery.
Leadership Matters: Benchmarking Women's Business Leadership in the Pacific
Leadership Matters: Benchmarking Women's Business Leadership...
Leadership Matters: Benchmarking Women in Business Leadership in the Pacific collects and analyzes data on women’s representation on boards and in senior management in the 14 Pacific developing member countries of the Asian Development Bank.
PSDI Annual Progress Report FY2019–2020
PSDI Annual Progress Report FY2019–2020
This report gives an overview of PSDI activities from July 2019 to June 2020.
Pacific Retirement Funds: Anchoring Social Protection in Good Finance
Pacific Retirement Funds: Anchoring Social Protection in Goo...
This paper aims to assist policymakers to clarify the role of Pacific retirement funds—particularly any financing role,
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.