01605cas a2200241 a 4500 AALejournalIMF003522 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451813791 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Federated States of Micronesia : Staff Report for the 2004 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (43 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 The staff report for the 2004 Article IV Consultation on the Federated States of Micronesia (FSM) focuses on economic developments and policies. Fiscal and structural reforms are needed for the FSM to achieve self-sufficiency. The large government sector will be increasingly unsustainable given coming declines in grants. Fiscal adjustment will need to comprise both expenditure cuts and revenue measures. Structural reform priorities should include improvements to the legal framework for land use, foreign investment, and lending. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/104 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/104/002.2005.issue-104-en.xml IMF e-Library