FSMIS (July 22, 2013): On July 19, President Manny Mori transmitted to Congress a resolution for the approval of a funding application with the World Bank for the purpose of improving telecommunication situation in the Federated States of Micronesia (FSM).
The FSM is seeking funding from the World Bank to enable the review and strengthening of the legal, regulatory and institutional environment of the telecommunication industry within its jurisdiction.
"The world Bank has indicated its willingness to provide the needed funding in exchange for the FSM's commitment to the project preferably by July 25, 2013", President Mori informed Congress.
Congress is asked to consider the request during this on-going First Special Session which is set to conclude by July 25, unless extended according to procedure.
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