United States. Central Intelligence Agency

“ In November 2002, the country experienced a further reduction in future revenues from the Compact of Free Association - the agreement with the US in which Micronesia received $1.3 billion in financial and technical assistance over a 15-year period until 2001. The country's medium-term economic outlook appears fragile due not only to the reduction in US assistance but also to the slow growth of the private sector. Geographical isolation and a poorly developed infrastructure remain major impediments to long-term growth. ”

“ In 1986 independence was attained under a Compact of Free Association with the US, which was amended and renewed in 2003. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid. ”

“ Government type: constitutional government in free association with the US; the Compact of Free Association entered into force 3 November 1986 and the Amended Compact entered into force May 2004 Capital: Palikir Administrative divisions: 4 states; Chuuk (Truk) , Kosrae (Kosaie) , Pohnpei (Ponape) , Yap Independence: 3 November 1986 (from the US-administered UN Trusteeship) National holiday: Constitution Day, 10 May (1979) Constitution: 10 May 1979 Legal system: based on adapted Trust Territory laws, acts of the legislature, municipal, common, and customary laws Suffrage: 18 years of age ”