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U.S. Compact Grants to FSM in December 2007

January 4, 2008

For the third month of the current fiscal year, the FSM Department of Finance received Compact-funded payments from the United States Government totaling $4,242,414. These payments were for Compact sector grants for Education, Health, Public Sector, Environment, and Private Sector Development for December of Fiscal Year 2008. The breakdown of these grants follows:

Sector Grants for Chuuk State

Education Sector $1,190,222
Health Sector $640,419
Public Sector (Capacity Building) $113,735
Environment Sector $64,319
Private Sector Development $93,097
Supplemental Educational Grant $322,790
Total Payment for Chuuk: $2,424,582

Sector Grants for Kosrae State

Education Sector $190,238
Health Sector $167,720
Public Sector (Capacity Building) $57,000
- Reduction-in-Force (PCSB) $150,000
Environment Sector $16,292
Private Sector Development $15,594
Supplemental Educational Grant $35,428
Total Payment for Kosrae: $632,272

Sector Grants for Pohnpei State

Education Sector $630,422
Health Sector $443,954
Public Sector (Capacity Building) $59,157
Environment Sector $40,131
Private Sector Development $11,896
Total Payment for Pohnpei: $1,185,560

TOTAL SECTOR GRANT PAYMENTS FOR FSM (December FY 2008): $4,242,414