Executive branch:
chief of state and head of government: President Bailey OLTER (since
21 May 1991); Vice President Jacob NENA (since 21 May 1991); election
last held 11 May 1991 (next to be held 7 March 1995); results - Bailey
OLTER elected president; Jacob NENA elected vice-president
cabinet: Cabinet
Legislative branch: unicameral Congress: elections last held 5 March 1991 (next to be held 7 March 1995); results - percent of vote NA; seats - (14 total) independents 14
Judicial branch: Supreme Court
Political parties and leaders: no formal parties
Member of: AsDB, ESCAP, IBRD, ICAO, IDA, IFC, IMF, ITU, SPARTECA, SPC,
SPF, UN, UNCTAD, WHO
Diplomatic representation in US: chief of mission: Ambassador Jesse B. MAREHALAU chancery: 1725 N Street NW, Washington, DC 20036 telephone: [1] (202) 223-4383 FAX: [1] (202) 223-4391 consulate(s) general: Honolulu and Tamuning (Guam)
US diplomatic representation:
chief of mission: Ambassador March Fong EU
embassy: address NA, Kolonia
mailing address: P. O. Box 1286, Pohnpei, Federated States of
Micronesia 96941
telephone: [691] 320-2187
FAX: [691] 320-2186
Flag: light blue with four white five-pointed stars centered; the
stars are arranged in a diamond pattern
@Micronesia, Federated States Of:Economy
Overview: Economic activity consists primarily of subsistence farming and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remoteness of the location and a lack of adequate facilities hinder development. Financial assistance from the US is the primary source of revenue, with the US pledged to spend $1 billion in the islands in the 1990s. Geographical isolation and a poorly developed infrastructure are major impediments to long-term growth.