The authorities will reflect on the findings and recommendations of the CCPA. The authorities agree that adaptation planning is lacking and will continue to seek sources of financing as well as technical assistance to support their planning.
They would also like climate finance institutions to streamline their requirements for small states that have limited capacity to access funding. User Account. IMF eLibrary. Advanced search Help.
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Get Code Buy. Fiscal and current account balances have recorded large surpluses since , owing to the authorities' decision to save revenue windfalls. Nonetheless, the FSM faces significant medium-term uncertainty as various economic supports under the Compact Agreement with the United States are set to expire in Unless they are renewed, the FSM is expected to lose access to Compact grants, giving rise to a fiscal cliff in ; banking sector oversight by the Federal Deposit Insurance Corporation; and post-disaster rehabilitation assistance.
The country is highly vulnerable to climate change, while private sector activity remains anaemic. It is recommended to improve resilience to climate change by strengthening capacity to implement adaptation projects. Over the medium term, disaster risks should be mitigated by using disaster insurance and disaster-contingent foreign financing. Fiscal policy Financial sector Private sector development Climate Change. Fiscal policy The FSM will face a fiscal cliff after , with the overall balance projected to turn from a surplus of around 5 percent of GDP in to a deficit of 4—5 percent of GDP in Private sector development The authorities agreed that improving the business and investment climate, and facilitating access to credit, is critical for private sector development.
Climate Change The FSM has many low-lying islands at risk from natural disasters, compounded by rising sea levels and temperature change. Other Resources Citing This Publication look up citations for this publication in google scholar. International Monetary Fund. Contact us Privacy policy Legal notices. Powered by PubFactory. Sign in to annotate. Ingegneria e Geologia, Italy. Faculty of Biology. Complutense University of Madrid, Spain.
Eugenio Martinelli Dept. Marina Ciullo institute of genetics and Biophysics "A. Benildo de los Reyes Dept. Daniel Grinberg Dept. Chiara Magri Dep. University of Tehran, Iran.
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Kavi Ratanabanangkoon Dept Microbiology,Fac. Science,Mahidol University , Thailand. Chun Kwok Wong Dept. Kristiaan Wouters dept. Patrick Ziegler. Michael Bauer Dept. Andrew Oleinikov Charles E. Vall d'Hebron Saguna Verma John A. Paris, France, France. Box, Al-Khod , Oman, Oman. Federica Briani Dip. Vanvitelli", Italy. Gemelli", Italy. Jordi Diaz-Manera Neuromuscular disorders Unit. Neurology department. Hospital de la Santa Creu i Sant Pau. Barcelona, Spain. Susanne Wegener Dept. Akshay Anand Post graduate institute of medical education and research, Chandigarh, India.
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