01998cas a2200277 a 4500 AALejournalIMF022152 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616350932 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Federated States of Micronesia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (81 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 COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf IMF Staff Country Reports; Country Report ; No. 2021/237 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/237/002.2021.issue-237-en.xml IMF e-Library