European Parliament Library

Federated States of Micronesia :, 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

The staff report for the 2008 Article IV Consultation of the Federated States of Micronesia examines economic developments and policies. Growth could recover modestly in the near term as falling commodity prices boost real incomes and progress is made on spending unused compact infrastructure grants. The authorities have limited tools to address risks from the global slowdown. Given the urgency of fiscal consolidation, expenditures should be streamlined and preparations for the comprehensive tax reform intensified
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Economic Background and Outlook; A. Recent Developments; B. Outlook and Risks; C. External Stability and Exchange Rate; III. Policies to Promote Sustainable Growth; A. Strategy for Fiscal Policy; B. Real and Financial Sector Reforms; IV. Other Issues; V. Staff Appraisal; Box; 1. Possible Implications of the Global Slowdown and Financial Turmoil for the Federated States of Micronesia; Tables; 1. Basic Data, FY2004-09; 2. General Government Operations, FY2004-09; 3. Indicators of Financial and External Vulnerability, 2004-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (41 p.)
Specific Material Designation
Form Of Item

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