News & Updates

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

FSM Financial Officers Conference 2025

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

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 ...

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

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 ...

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 ...

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 ...

Two Projects set to Improve Safety, Efficiency, Climate Resilience of Maritime Operations

WASHINGTON, Thousands of communities across the North Pacific will benefit from significant upgrades to maritime infrastructure and improved connectivity following ...

Secretary Lawrence in D.C. for IMF and World Bank Spring Meetings

Secretary Lawrence in D.C. for IMF and World Bank Spring Meetings Washington D.C., – Secretary Lawrence was in D.C. to ...

FSM Annual Finance & Budget Conference Outcomes Strengthen FSM Peace, Unity, & Liberty

PALIKIR, Pohnpei—From March 11th to March 14th, 2019, the 5th annual Department of Finance & Administration (DOFA) Finance & Budget ...

WYG Consultants Feb 2019

The FSM National Government through World Bank funding approved a Grant to replace the current Financial Management Information System (FMIS) ...

IMF Staff Concludes Visit to the Federated States of Micronesia

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The ...

FSM & World Bank Partner to Improve Electrical Reliability, Access, & Efficiency

PALIKIR, Pohnpei—The 20th Congress of the Federated States of Micronesia (FSM) completed its sixth regular session and among the good ...