To access climate change and disaster risk finance, the Federated States of Micronesia has engaged in a number of “key initiatives to improve its access to and management of climate finance
The Federated States of Micronesia is “the fourth country globally and the first country in the Pacific to have developed and endorsed a national Green Climate Fund Country Program”
The Pacific Community and the Pacific Islands Forum Secretariat have released a Climate Change and Disaster Risk Finance Assessment to aid the Federated States of Micronesia (FSM) in further strengthening its ability to quickly access and secure climate change and disaster risk finance. This assessment aims to help “guide FSM’s efforts to improve access to climate change and disaster risk financing from external sources.”
In the foreword to the 2019 February Assessment, Hon. Andrew Yatilman, Department of Environment, Climate Change and Emergency Management, FSM National Government, notes that the country “is on the front line of the devastating impacts of climate change” due to its low-lying nature. He further adds that the “geographic distribution” of Micronesia’s four states poses a challenge with respect to disaster preparedness and response and adds to the costs of such efforts...............................