World Bank Representative, Ms. Degi Young, paid a courtesy call on Governor Oliver at the Governor’s cabinet conference room, Peilapalap, Kolonia on, Thursday, March 24, 2022. Ms. Degi Young was accompanied by Ms. Senny Phillip, Assistant Secretary, Investment and International Finance, FSM Department of Finance and Administration.
As the World Bank’s Representative to the Federated States of Micronesia (FSM), Republic of Palau, and the Republic of the Marshall Islands (RMI), Ms. Young will establish a sub-regional office for the three countries here in Pohnpei. Degi Young thanked Governor Oliver for hosting the World Bank in Pohnpei and shared, in general, her role as World Bank Representative. Those roles include looking at plans and priorities of the three countries to see how the World Bank can support those plans and priorities, coordination and facilitation of projects within and among the countries, and capacity building and training.
Governor Oliver thanked Ms. Young and Ms. Phillip for their courtesy visit, expressing his delight that Pohnpei State can host World Bank’s sub-regional office. Governor Oliver looked forward to Ms. Young’s observations and comments in the coming months.
Director of the Department of Resources and Development, Mr. Hubert Yamada, Director of the Department of Treasury and Administration, Acting Administrator of the Office of Transportation and Infrastructure, Mr. Ricky Lebehn, Overseas Development Assistance (ODA) Coordinator, Ms. Shirley Ligohr joined Governor Oliver during the courtesy call.
The World Bank is an international organization that provides financing, advice, and research to developing nations to help advance their economies. ·Some ongoing projects in the FSM and Pohnpei are the Prioritized Road Investment and Management Enhancement (PRIME) Project and Pacific Regional Oceanscape Program (PROP), which aims to strengthen the management of oceanic and coastal fisheries and the habitats upon which they depend, and specifically to strengthen the National Oceanic Resource Management Agency (NORMA) responsible for the management of oceanic fisheries.
For more information on the World Bank, visit their website: https://www.worldbank.org/en/home
