The Federated States of Micronesia will have a new President from May.
The incumbent President David Panuelo lost his seat in Congress during the general election on Tuesday.
In a leaked letter to the FSM leadership, viewed by RNZ Pacific, Panuelo said he accepted the election loss.
“I have publicly committed to a peaceful transition of power,” he said.
A national election office representative told RNZ Pacific the official results are expected to be finalised later on Friday before it is publicly announced.