The population of Micronesia is estimated to be around 106,487 people in 2018, with the majority of the population living in urban areas. The economy is largely dependent on tourism and fishing. The country is a member of the United Nations and other international organizations such as the World Trade Organization (WTO) and the Pacific Islands Forum (PIF). In 2018, Micronesia signed a Compact of Free Association with the United States which provides economic aid and military defense to Micronesia in exchange for access to its land and waters for military purposes. According to extrareference, Micronesia is an independent republic with three branches of government: executive, legislative, and judicial. The president serves as both head of state and head of government. The legislative branch consists of a unicameral Congress elected by popular vote every four years. The judicial branch consists of a Supreme Court appointed by the President with advice from Congress.
Micronesia Federation. In April, the Asian Development Bank announced a total of US $ 36.6 million to fund a project to provide cheap but reliable Internet access to residents of Micronesia, Nauru and Kiribati. The funds will, among other things, finance an underwater cable that will connect to a proposed cable system between Australia and Hawaii. A project to link all major islands in Northern Oceania has already begun.
According to Countryaah.com, Palikir is the capital city of Federated States of Micronesia, a country located in Micronesia. The issue of independence for the island of Chuuk was hotly debated during the year. The proposed referendum held in the future in 2015 was announced during the year to March 2019. In August, US Ambassador Robert Riley warned the people of Chuuk to enforce an outbreak of the Micronesian Federation. He stated that the Compact of Free Association Treaty between the Micronesian Federation and the United States, which entered into force in 1986, will not include an independent Chuuk and that a new agreement between the island and the United States is not applicable.
- According to Abbreviationfinder: FM is an three letter acronym for Micronesia.