Government of the Federated States of Micronesia

Public Sector Enterprise Reform Workshop Held

POHNPEI, Palikir (FSM Information Service): September 2000 - The Department of Economic Affairs hosted a Public Sector Enterprise Workshop, September 25-26, at Palikir to discuss and make further commitments to transforming many of the publicly-owned commercial enterprises.

Over 75 people representing the State and National governments, many of them were from public sector enterprises (PSE's), and the private sector attended the workshop.

Asian Development Bank team of consultants from the Aries Group and the Department of Economic Affairs supported the workshop.

The participants held open discussions about the criteria for reforming PSE's, the range of stakeholders affected by the proposed challenges, and developed further plans and strategies for reforming several key public companies, according to the communiqué issued after the workshop.

In the communiqué the PSE analyzed and discussed issued regarding the following:

  • FSM Telecommunications Corporation
  • National Aquaculture Center in Kosrae
  • Pohnpei Fisheries Corporation
  • Pohnpei Radio Station
  • Chuuk Hospital Services
  • Chuuk Airport and Port Authority
  • Micronesian Petroleum Corporation
  • Kosrae School Bus Service
  • Yap Radio and Television
  • Yap Public Transportation
  • Yap Port Authority

The outcomes of the two-day deliberations were Expressions of Intent outlining the current status and next steps to be taken in the transformation process for those enterprises discussed by each of the delegations. The Expressions of Intent will also be the basis for seeking further donor technical support to the PSE reform process.

Continuing to actively support this process will be the Public Sector Enterprise Unit now located in the Department of Economic Affairs. The support will include technical assistance in the form of financial data gathering and analysis, and overall facilitation of the steps necessary to properly reform each of the selected public sector enterprises.

Copies of the Communiqué and the Expressions of Intent developed at the workshop will be transmitted to the President and Speaker of the FSM Congress, each of the State Governors, and the presiding officers of the State Legislatures.

For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356