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The Federated States of Micronesia (/ ˌ m aɪ k r oʊ ˈ n iː ʒ ə / ⓘ, abbreviated FSM), or simply Micronesia, is an island country in Micronesia, a subregion of Oceania.The federation consists of four states—from west to east: Yap, Chuuk, Pohnpei, and Kosrae—that span across the western Pacific just north of the equator, for a longitudinal distance of almost 2,700 km (1,700 mi).
District center of Pohnpei Circa 1971. The Federated States of Micronesia achieved independence in 1986 after being administered by the United States under UN auspices since 1947 as part of the Trust Territory of the Pacific Islands. Pohnpei is an island part of Federated States of Micronesia, which is recognized by the United Nations.
It has five financial services institutions: the Bank of Guam (BOG), [23] the Bank of the Federated States of Micronesia (BFSM), Community Ayuw Services Credit Union, Western Union, and the FSM Development Bank. [24] The State is now expected to be one of the fastest-growing economies in the country as technological innovation is highly encouraged.
This is a list of diplomatic missions in the Federated States of Micronesia. At present, the island of Pohnpei hosts 4 embassies. One of these (that of China) is located in the capital city of Palikir , while the other three are located in nearby Kolonia (which was formerly the capital and is still the island's largest town).
It is the largest, highest, wettest and most scenic island of the Federated States of Micronesia. [9] Palikir is 8 kilometers (5 miles) southwest of Kolonia, which is Pohnpei's largest town and state capital of Pohnpei State. [2] Underwater reefs are found all round the coastal region of the island.
Pohnpei State (/ ˈ p ɔː n p eɪ /) is one of the four states of the Federated States of Micronesia (FSM). Its capital is Kolonia . With an area of 346 miles (557 kilometres), it is the largest state.
Department of Finance and Administration of the Federated States of Micronesia is a government department in the Micronesia responsible for effective management of public financial assets, strengthening tax collection, maximizing investments and maintaining border control of Micronesia.
The Congress of the Federated States of Micronesia has 14 members elected by first past the post in single-member districts, 10 of whom are elected for two years and 4 for four years. Each state in the Federated States of Micronesia elects a senator to serve a four-year term.