Compact of Free Association

Résumé du livre

The Compact of Free Association between the Republic of Palau and the U.S. entered into force on Oct. 1, 1994, with the U.S. interest of promoting Palau¿s self-sufficiency and economic advancement. The compact and its related subsidiary agreements provide for a 15-year term of economic assistance. In FY 2009, the two governments must review the terms of the compact and related agreements and agree on any modifications. This is a report on: (1) the provision of compact and other U.S. assistance to Palau in FY 1995-2009; (2) Palau¿s and U.S. agencies¿ efforts to provide accountability over Palau¿s use of fed. funds in 1995-2006; and (3) Palau¿s prospects for achieving economic self-sufficiency. Includes recommendations. Illus.