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60341-001 - Support for Withstanding Shocks Through Immediate Fiscal Transfers Program
60341-001 - Support for Withstanding Shocks Through Immediate Fiscal Transfers Program
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 Last update: 7 days ago
Last update: 7 days ago
60341-001 - Support for Withstanding Shocks Through Immediate Fiscal Transfers Program
Last update: Oct 27, 2026

Details

Location:
Micronesia
Micronesia
Contract type:
Unspecified/other
Status:
Approval
Sectors:
Macro-Economy & Public Finance
Languages:
English
Contracting authority:
Department of Finance & Administration, Micronesia
Funding Agency:
Asian Development Bank (HQ)
Eligibility:
Unknown
Budget:
USD 5,600,000
Date posted:
Oct 27, 2026

Attachments • 2

6034.. .

Oct 27, 2026

6034.. .

Oct 27, 2026

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Description

The SWIFT Program will provide budget support to help the FSM mitigate the adverse economic and social impacts of the fuel price shock arising from the Middle East conflict. The program will support time-bound crisis response measures that smooth fuel pri
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tender Background

About the Funding Agency

ADB - Asian Development Bank - based in Manila, Philippines since 1960.

The Asian Development Bank aims for an Asia and Pacific free from poverty. ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.

As a multilateral development finance institution, ADB provides:

  • loans
  • technical assistance
  • grants

 

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About the Sectors

Macro-Economy & Public Finance

Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.


Key areas:
  • Macroeconomic analysis and policy support
  • Public finance management (PFM)
  • Government budgeting, taxation, and debt management
  • Economic growth and development strategies
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Locations

Micronesia

The Federated States of Micronesia (FSM) is a small island developing state in free association with the United States. Its economy relies heavily on public sector activity, fisheries revenues and financial assistance under the Compact of Free Association. Geographic dispersion across hundreds of islands raises infrastructure and service delivery costs. Recent development priorities include strengthening climate resilience, upgrading maritime and energy infrastructure, and improving public financial management. Sustained growth will depend on effective implementation of Compact funding, expanded private sector participation, and enhanced governance capacity to address vulnerability to climate change and external shocks.

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