Federated States of Micronesia's strategic development plan: 2004-2023, the next 20 years: achieving economic growth & self-reliance: Vol.I : policies and strategies for development; Vol. II: Strategic planning matrices and appendices; Vol. III. Instrastructure development

Abstract

This chapter is concerned with describing the evolution of the FSM Sustained Growth Strategy (SGS), and the fiscal challenges facing the nation resulting from the need to implement the provisions of the amended Compact. Discussion starts through detailing the FSM's negotiating strategy for the amended Compact and in outlining the principal objectives that the FSM sought to secure—macroeconomic stability and sustainable development. These objectives are compared with what the FSM and U.S. finally agreed, and which are embodied in the terms and conditions of the amended Compact.