The Micronesian Federation is a poor country with low per
capita GDP and a poorly developed social protection network.
Visit AbbreviationFinder to see the definitions of FM and acronym for Micronesia. However, there is general pension insurance, and thanks to
US support, healthcare for developing countries is quite
developed. There are four hospitals and one doctor per 3 100
residents. Infant mortality is quite low and life expectancy
has increased significantly. As a result of increased
consumption of imported foods, well-being diseases such as
cardiovascular disease and diabetes have increased sharply
in recent years.
After being elected president in May 2003, Joseph Urusemal
stated in a speech to the UN General Assembly that his
country is threatened by the frequent and more powerful
hurricanes that are shedding global climate change.
That same year, a new 20-year cooperation agreement with
the United States and aid totaled $ 1.8 billion. US $ dealt
with in United States Congress. Micronesia asked for fair
compensation for the damage the atomic bomb blasts had
caused to the population, declaring that the damage could
not be foreseen when the original agreement was signed.
In April 2004, the archipelago Yap (Guap) located west of
the Carolinians was ravaged by typhoon Sudel. Virtually the
entire archipelago's infrastructure collapsed, and it was
declared in exceptional condition.
In conjunction with a UN conference on biodiversity in
March 2006, a program for the protection of flora and fauna
was launched in the Pacific Islands. 18 million US $ was
earmarked for protecting the ecosystem of Micronesia.
When signing a trade agreement with the United States in
2002, Micronesia committed to implement reforms that would
improve the country's then-weak economic position. Five
years later, the public sector continued to account for 45%
of economic activity, and there was no immediate indication
of a change in this situation.