Micronesia Federation. In May, the country was hit by two very powerful earthquakes, which, despite measuring 6.5 and 6.6 on the Richter scale, did not cause any major damage.
In June, the Micronesia Federation became the tenth country to sign a declaration of intent to culminate in the creation of a trade and development program called the Pacific Regional Trade and Development Facility. According to Countryaah.com, Micronesia population in 2020 is estimated at 115,034. The initiator is the Pacific Islands Forum (PIF), a regional cooperation organization whose objectives include more effective “trade assistance” programs in the region’s small island states. Earlier, Fiji, Kiribati, Nauru, Marshall Islands, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu had signed on.
According to topb2bwebsites, in June, for the first time, the Micronesia Federation entered into a collaboration with the World Bank. The first development program to be launched is a project that will increase energy production.