Ascertaining legislative support at both the national and state levels is an important aspect of determining project readiness in the FSM. The unexpected delays in obtaining national and state legislative authorization delayed the loan approval and loan effectiveness, each by 1 year, respectively. Reform momentum was lost during the long interval between appraisal and program inception.
Project Name
Federated States of Micronesia: Private Sector Development Program
Project Number
33314-013
Report Date
Report Source
Independent project evaluation
Country