Federated States of Micronesia President Emanuel Mori this week visited the Asian Development Bank headquarters in Manila, Philippines to discuss ways to strengthen the relationship between the FSM Government and the ADB.
President Mori and his delegation held meetings with the ADB President Haruhiko Kuroda, the Executive Director Phil Bowen and Stephen Gross, Vice President for Operations 2 which is East Asia Department, Southeast Asia Department, Pacific Department, and Central Operations Services.
President Mori’s interest in re-activating the Consultative Group of Donors Meetings (CG) was met with enthusiasm from the ADB side. The CG Meeting brings together FSM’s multilateral and bilateral development partners around the same table to discuss development challenges facing the nation in order to better align their assistance to meeting the nation’s development challenges. The second half of May 2012 was discussed as a possible date of the next CG meeting.
Since joining the ADB in 1990, the FSM has received 8 loans for a total of $75.1 million and 42 technical assistance projects worth $24.1 million. Two of these loans which are worth $19.0 million and 1 TA project worth $.8 million are active.