President Panuelo Distributes First Pandemic Unemployment Assistance Program Checks
PALIKIR, Pohnpei—His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), hosted an opening ceremony to celebrate the distribution of the first Pandemic Unemployment Assistance (PUA) Program checks. A result of the Enduring Partnership between the FSM and the United States of America, and codified through an agreement between the FSM Department […]
World Bank Strengthens Partnership with the Federated States of Micronesia
POHNPEI – The government of the Federated States of Micronesia (FSM) has signed a new partnership agreement with the World Bank. The Establishment Agreement paves the way for an increased presence by the World Bank in the North Pacific, through the planned opening of a dedicated sub-regional office in the FSM capital, Pohnpei in 2021 that […]
Trust Fund for the People of the FSM Conducts Third Quarter Meeting
Trust Fund for the People of theFederated States of Micronesia1849 C St. NW, Room 3117Washington D.C. 20240Contact: Anthony Costanzo, Executive AdministratorExecutiveAdministrator@fsmcfatf.com 703-200-3459 Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia Conducts Third Quarter Meeting to Review Trust Fund Performance and Other Trust Fund Business WASHINGTON, D.C. – The […]
21st FSM Congress Approves the Economic Stimulus Package
21st FSM Congress Approves the Economic Stimulus Package, President Panuelo Signs it Into Law; Businesses Encouraged to Apply for Wage Subsidies and Submit Taxes on Time to Receive Gross Tax Revenue Rebates PALIKIR, Pohnpei—On April 22nd, 2020, His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), signed Public Law 21-105, which […]
President Panuelo Prepares for Congress’ Consideration the FSM COVID-19 Economic Stimulus Package
PALIKIR, Pohnpei—Highlighting the Nation’s anticipated ten percent (10%) economic decline as juxtaposed to a broader global recession resulting from the COVID-19 global health emergency, on April 7th, 2020, His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), announced the FSM COVID-19 Economic Stimulus Package. The Stimulus Package has an initial financing […]
FSM Department of Finance & Administration Delivers Training, Information-Sharing with Yap State
PALIKIR, Pohnpei—The Honorable Eugene Amor, Secretary of the Department of Finance & Administration (DOFA), visited the FSM State of Yap with a view to echo the sentiments of increased transparency and cooperation between the National Government and State Governments as endorsed by His Excellency David W. Panuelo, President of the FSM. Secretary Amor and DOFA […]
FSM Trust Fund Press Release Fiscal 2019
Pohnpei, Federated States of Micronesia – Today, the newly confirmed FSM Secretary of Finance and Administration, Mr. Eugene Amor, announced that the FSM Trust Fund ended Fiscal Year 2019 with a total balance of $267 million, including the state accounts established by Public Law 18-107. The Trust Fund achieved a return of 5.1 percent for […]
FSM Delegation in D.C. for IMF and World Bank Annual Meetings
FSM Delegation in D.C. for IMF and World Bank Annual Meetings Washington D.C., – FSM Delegation in D.C. to attend the Annual Meetings for the International Monetary Fund (IMF) and the World Bank (WB) held from 15 – 20 October 2019. Mr Eugene Amor lead the FSM Delegation to the 2019 meetings. The Delegation met with […]
The FSM Thanks the World Bank for their Support, Encourages Closer Collaboration
The FSM Thanks the World Bank for their Support, Encourages Closer Collaboration FUNAFUTI, Tuvalu—The FSM delegation, headed by Senior Consultant to the President on Foreign Affairs Lorin S. Robert and inclusive of Chief of Staff Leo Falcam Jr., met with Mr. Michel Kerf, the World Bank’s Country Director for Papua New Guinea and the Pacific […]
FSM’s International Tax Standards Recognised by OECD’s Global Forum
FEDERATED STATES OF MICRONESIA’S CONTINUED RAPID IMPROVEMENT WITH INTERNATIONAL TAX STANDARDS RECOGNISED BY OECD’S GLOBAL FORUM PARIS, France—The Federated States of Micronesia (FSM) has received an overall rating of ‘Largely Compliant’ from the Organisation for Economic Co-operative Development’s (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes. The Global Forum is mandated […]
FSM Digital ICT Conference
$25,000,000 for Connecting Homes & Public Services to Fiber Optic Discussed in FSM Digital Information Communication Technology Forum PALIKIR, Pohnpei—From June 6th to June 7th, 2019, the Federated States of Micronesia (FSM) ICT Digital Forum was held in the Government of Pohnpei State’s Conference Room. The key goal for the FSM Digital ICT Forum was […]
Secretary Lawrence in Fiji for ADB Annual Meetings
Secretary Lawrence in Fiji for ADB Annual Meetings Nadi, Fiji – Secretary Lawrence was in Fiji to attend the Annual Meetings for the Asian Development Bank (ADB) held from 30 April – 5 May 2019. The theme of the Annual Meetings was “Prosperity Through Unity” which is consistent with ADB’s newly launched Strategy 2030 to sustain […]