10 Nov 2006

ADB urges FSM to pursue reforms

3:16 pm on 10 November 2006

Donors have called for more reforms in the Federated States of Micronesia to ensure more progress in Asia Development Bank assisted programmes.

Development partners and officials from FSM met at the ADB Headquarters in Manila to discuss ways to overcome constraints.

Talks focused on advancing good governance, increasing aid effectiveness, promoting macroeconomic stability and ensuring long-term sustainability.

The FSM continues to rely heavily on foreign aid, particularly grants provided by the United States government under the Compact of Free Association approved in 1986.