Compact of Free Association: Micronesia Faces Challenges to Achieving Compact Goals

Résumé du livre

Discusses the amended Compact of Free Assoc. between the U.S. and the Federated States of Micronesia (FSM). From 1987 through 2003, the FSM received more than $1.5 billion in economic assistance under the original Compact of Free Assoc. with the U.S. In 2003, the U.S. gov¿t. approved an amended compact with the FSM that provides an additional $2.3 billion from 2004 through 2023. The amended compact identifies the additional 20 years of grant assistance as intended to assist the FSM in its efforts to promote the economic advancement and budgetary self-reliance of its people. It also contains several new funding and accountability provisions intended to strengthen reporting and bilateral interaction. Charts and tables.