Thursday, December 19, 2013

FSM President Mori expresses appreciation to and seeks further support from the Asian Development Bank

Mr. Norio Usui, Senior Economist at the Asian Development  Bank, making a presentation at the 2023 Planning Committee on December 7, 2013 in Saipan

FSMIS (December 19, 2013): FSM President Manny Mori transmitted a communication to the Asian Development Bank in which he stated his appreciation to ADB for the assistance rendered by its Senior Economist, Mr. Norio Usui, to the 2023 Planning Committee meeting in Saipan on December 7-8, 2013.

"I am pleased to inform you that Mr. Usui delivered the key presentation in the last meeting, which articulated a credible picture of the expected fiscal shortfall ahead, and simplified the forthcoming fiscal challenges to best fit the understanding of the Committee and Cabinet members who were present at the meeting."

President Mori also specifically requested for Mr. Usui's service in January, 2014 to assist the Committee in making the same presentation to and answering questions from State and National Leadership with regards the administration's strategy to grow the Nation's economy.

Also mentioned in the letter to Mr. Xianbin Yao, Director General of the Pacific Department of the Asian Development Bank, was a statement reiterating the FSM Government's "urgent need for a resident macroeconomist" to assist in the work on a "strategy for 2023".

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