News & Updates

Stay informed with the latest news and updates from the Department.

FSM and World Bank Hold Joint CPPR to Accelerate Delivery Across a US$354M Portfolio

Pohnpei, FSM – October 2, 2025 — The Government of the Federated States of Micronesia (FSM) and the World Bank ...

FSM Financial Officers Conference 2025

Dedicated to “Strengthening Systems for Tomorrow” through unity and prosperity.

Ms. Rose N. Nakanaga Joins APAFS Board of Governors

The Asia Pacific Association for Fiduciary Studies (APAFS) is pleased to announce that Ms. Rose N. Nakanaga, Secretary of the ...

Chuuk State Embraces ASYCUDAWorld, Advancing FSM’s Digitalization Goals

The Customs and Tax Administration (CTA) of the Federated States of Micronesia (FSM) continues to be at the forefront of ...

FSM Finance Conference 2024

When:  Monday June 24th to Friday June 28th 2024Where: Weno, ChuukPhone: (691) 320-2645Email: deatra.solomon@dofa.gov.fmRegistration Form: FSM Finance Conference 2024 registration click ...

FSM Customs & Tax ASYCUDA Training
Pohnpei Gets a Trade Boost with New Customs Management System

Exciting news for Pohnpei’s trading community! In a significant leap toward modernizing customs management and enhancing trade facilitation, the Department ...

New Customs IT System for the FSM to Boost International Trade

The Federated States of Micronesia (FSM) is to modernize its customs procedures through the upcoming launch of ASYCUDAWorld – a ...

President Panuelo Launches the FSM SCORE Project

PALIKIR, Pohnpei—His Excellency David W. Panuelo—President of theFederated States of Micronesia (FSM)—launched the FSM Strategic Climate-Oriented RoadEnhancements (SCORE) Project. Funded ...

U.S. Secretary of Commerce announces awarding of American Rescue Plan statewide planning grants

U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding American Rescue ...

President Panuelo Launches Low-Income Assistance Social Protection Programming

PALIKIR, Pohnpei—His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—launched the Low-Income Assistance Social Protection Program. Developed ...

DOFA’s PUA Office Integrity Unit Training on Fraud Awareness and Ethics

PALIKIR, Pohnpei—The Pandemic Unemployment Assistance (PUA) program is for individuals whose employment or self-employment was interrupted as a direct result ...

Amendment to Financial Management Regulations May 2021

Further to the Financial Management Regulations (FMR) that were promulgated and adopted in February 2019, DOFA wish to adopt amendments. ...

Notice of Emergency Amendment to the Permanent Regulation on the Tourist Sector Mitigation Fund

Expanding the Coverage of Tourism Sector Mitigation Fund

Notice of Emergency Amendment to the Permanent Regulation of the Tourism Sector Mitigation

Link:2021 February 8- Amended Regulation for Expanded Coverage of Tourism Sector Mitigation Fund

President Panuelo Develops and Expands $14m COVID-19 Social Protection Programming

PALIKIR, Pohnpei—His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), and the Honorable Yosiwo P. George, ...

ADB’s $14 Million Grant to Support FSM’s COVID-19 Response

The Asian Development Bank (ADB) is further supporting the Federated States of Micronesia’s COVID-19 response through a grant of $14 ...

Customs Intercepts Smuggled Weapons and Ammunition

Recently the FSM Customs and Tax Administration (Customs) intercepted two separate consignments of illegal weaponry, which has now been confiscated ...

Secretary Amor Requests ADF Grants & Restructuring of Debts from Asian Development Bank

PALIKIR, Pohnpei—The Honorable Eugene Amor—Secretary of the Department of Finance & Administration—delivered a statement at the Asian Development Bank’s annual ...

Trust Fund for the People of the FSM Conducts Fourth Quarter Meeting

WASHINGTON, D.C. – The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia ...