01691cas a2200241 a 4500 AALejournalIMF003521 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451813784 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Federated States of Micronesia : Selected Issues and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (54 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 Selected Issues paper on the Federated States of Micronesia (FSM) underlies economic development. Since independence, the FSM has been heavily dependent on assistance from the United States. With government expenditure of more than 60 percent of GDP, the private sector remains underdeveloped, functioning largely as a provider of services to the public sector. Under a comprehensive reform scenario, further budgetary efforts are to be taken, as well as structural reforms. Given the need for fiscal consolidation, tax reform has been the subject of discussion for a number of years, although with little progress to show. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/103 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/103/002.2005.issue-103-en.xml IMF e-Library