Federated States of Micronesia strengthens efforts to access and manage climate change and disaster risk finance

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The Jet, 23rd April 2018

Pohnpei, Federated States of Micronesia – Discussions informing the Federated States of Micronesia’s National Climate Change and Disaster Risk Finance Assessment show that the country continues to demonstrate a commitment to strengthening country systems and processes for accessing and absorbing climate change and disaster related finance.

At the request of the Government of FSM, a multi-agency team including the Pacific Community (SPC), the USAID/SPC Institutional Strengthening in Pacific Island Countries to Adapt to Climate Change (ISACC) Project, the USAID Climate Ready Project and the Pacific Islands Forum Secretariat (PIFS) visited Pohnpei in February 2018 to work with the Government to assess their processes and systems using the Pacific Climate Change Finance Assessment Framework. The team returned this week to present and validate the preliminary findings with a broad range of stakeholders.

Ms. Sihna N. Lawrence, Secretary of the Department of Finance and Administration, noted “We need this analysis of where donor and domestic revenues are spent. As we try and implement new systems we need to know the areas we need to prioritise”. Mr Andrew Yatilman also thanked the team for their efforts in developing the findings for FSM, which clarify the current national climate change and disaster risk finance landscape and the key partners involved.

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Federated States of Micronesia