Media Releases
U.S. Compact Grants to FSM in March 2008
April 9, 2008
For the fifth month of the current fiscal year, the FSM Department of Finance received Compact-funded grants from the United States Government totaling $4,135,771. These payments were for Compact sector grants for Education, Health, Public Sector, Environment, and Private Sector Development plus Infrastructure and Supplemental Education Grants for March of Fiscal Year 2008. The breakdown of these grants follows:
Sector Grants for FSM National Government | |
| Education Sector (FSM Department of Education) | $25,000 |
| Total Payment for FSM National Government: | $25,000 |
Sector Grants for Chuuk State | |
| Education Sector | $1,163,729 |
| Health Sector | $830,885 |
| Public Sector (Capacity Building) | $101,882 |
| Environment Sector | $43,059 |
| Private Sector Development | $79,811 |
| Total Payment for Chuuk: | $2,229,366 |
Sector Grants for Pohnpei State | |
| Education Sector | $603,222 |
| Health Sector | $546,943 |
| Public Sector (Capacity Building) | $41,231 |
| Environment Sector | $40,130 |
| Private Sector Development | $19,879 |
| Total Payment for Pohnpei: | $1,251,405 |
Sector Grants for Yap State | |
| Education Sector | $290,000 |
| Health Sector | $230,000 |
| Public Sector (Capacity Building) | $50,000 |
| Environment Sector | $45,000 |
| Private Sector Development | $15,000 |
| Total Payment for Yap: | $630,000 |
TOTAL SECTOR GRANT PAYMENTS FOR FSM (Mar. FY 2008): $4,135,771
These payments are made on a monthly basis, based upon requests submitted by the FSM Government on behalf of the national government, the four state governments and the College of Micronesia-FSM. The U.S. Department of the Interior, Office of Insular Affairs administers these funds for the United States Government.