01682cas a2200241 a 4500 AALejournalIMF000710 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451813760 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Federated States of Micronesia : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (39 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in the Federated States of Micronesia during 1994-97. Real GDP growth, which has been sluggish in recent years, contracted by 4 percent in FY1997. This mainly reflects a sharp reduction in government expenditures under the reform program implemented by the national and state governments since FY1996, the cornerstone of which is the reduction in workforce and wage levels of government employees. The 1996 official GDP data indicated that government services accounted for 42 percent of GDP, wholesale and retail trade for 22 percent, and agriculture, hunting, and forestry for 17 percent. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/086 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/086/002.1998.issue-086-en.xml IMF e-Library