Federated States of Micronesia

In the Federated States of Micronesia (FSM), the Climate Finance Capacity Support Programme (CFCSP) is supporting the Department of Environment, Climate Change and Emergency Management to deliver a series of workshops to raise awareness of FSM’s Nationally Determined Contribution (NDC) and develop state-level implementation and coordination work plans. The workshops will identify how states will deliver on the NDC priorities, their financing and capacity support needs, and establish cross-government coordination mechanisms. The CFCSP will support delivery of these work plans by providing ongoing technical support to all 4 states and at the national level. This platform will assist FSM to shape its NDC implementation to the needs of each state, while consolidating priorities to support its discussions with funding partners. 

CFCSP support in the Federated States of Micronesia

Parametric drought insurance, Government of FSM

The Pacific Catastrophe Risk Insurance Company (PCRIC), technical specialists from GeoSY LLC and the CFCSP are supporting FSM to design sovereign parametric drought insurance products. Aiming to create tailored insurance solutions that will provide rapid and predictable financial support when pre-defined drought thresholds are reached, PCRIC’s support will enable the Government of FSM to response swiftly and effectively to future drought events.

CFCSP Federated States of Micronesia updates