|
Project Details :-
The Micronesian countries participating in the project (Kiribati, FSM, and Nauru) are highly dependent on official development assistance, external funds flows, and rents from a limited set of natural resources such as oceanic fisheries and phosphate (for Nauru, and previously, Kiribati). Small and disperse populations and geographic isolation contribute to limited opportunities for productive business activity. The private sector base is narrow and large public sectors dominate economic output and employment. Infrastructure projects tend to be development partner financed, and private investment is difficult to attract. Private sector development will significantly help the growth outlook in these economies, reducing heavy dependency on public expenditure.
Note :- For Further Information Please Download the Attachment.
|
