A foot/ankle implant anatomically-shaped for implantation between two bone portions of the foot or ankle to correct associated deformities. The foot/ankle implant has a peripheral wall surrounding a central bore therethrough and defining an annular cross-section. The wall is constructed from a composite material that includes a ceramic component and a polymer component. The ceramic component is gradually resorbed after implantation, and the polymeric component gradually degrades after implantation.